|
Related Stories »
Latest Forex TV Video »
: Australia New Housing Starts Expected To Fall 17% In Fiscal Year Before Rising - HIA Forecast (RTTNews) - New housing construction in Australia is expected to contract modestly during the current two-year period, then begin a two-year period of expansion, according to the latest forecast from the Housing Industry Association (HIA). The HIA's "National Outlook" for the March 2009 quarter predicts the number of housing starts to drop by 17 percent in the 2008-09 fiscal year to a level of 132,000 before growing by 11 percent for the following two years. HIA Chief Economist Harley Dale said the government's fiscal stimulus program coupled with large interest rate reductions are expected to lead to a recovery in home building starting in mid 2009. "The First Home Owner Boos, the lowest mortgage rates since the late 1960s and the housing components of the Federal Government's Nation Building and Jobs Plan will combine to generate a moderate recovery in residential activity," Dale said. "This recovery will be heavily constrained by economic uncertainty and rising unemployment." The HIA forecast projects housing renovations, which account for just under half of all housing industry expenditures, "is holding up well," with a "steady" 2008-09 period followed by an expected 6 percent increase in the following two years. The report projected a record amount of renovation spending of A$33 billion in 2010-2011. |
Top Content » |
Contributor Login | Free e-mail Alerts | About Us | Contact | Advertise With Us |
| Rates | News | Video | Currency Focus | Resources |
| Forex Spot Rates | Top Forex TV Economic News | Most Recent ForexTV Video | Euro (EUR) | Global Economic Calendar |
| Cross Rates | Commodity News | Forex News | Japanese Yen (JPY) | Currency Converter |
| Equity Market News | Stocks & Bonds | Sterling (GBP) | Glossary | |
| Charts | World Market Previews | Education Video Series | Swiss Franc (CHF) | Currency Codes |
| Forex Charts | Forex Market Commentary | ProSticks Analysis | Canadian Dollar (CAD) | Global Statistic Resources |
| ProStick Charts | Technical Analysis | Australian Dollar (AUD) | CPI Avg. Price Calculator | |
| New Zealand Dollar (NZD) | CPI Inflation Calculator | |||
| Nordic (NOK) | CIA World Factbook | |||
| EMEA | Pivot Point Calculator | |||
 |
Content Sharing | |||
| RISK DISCLAIMER: By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. | ||||
| Privacy Policy | Terms and Conditions | ||||