Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, a must-follow for in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learned new concepts; one of Australia's finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Monday, 29 August 2016

Housing starts to fall in 2017 & 2018

New dwelling sales decline

So believes the Housing Industry Association (HIA).

And looking at the new dwelling sales figures for July 2016, they are probably right.

"The cycle has peaked" reported the HIA.

"In all likelihood we will experience sharper falls in new home construction in both 2017 and 2018".

Private new dwelling sales fell by 9.7 per cent to record their weakest monthly result since 2014.

Source: HIA

2016 will be a record year for housing starts in Australia, but "the situation could look very different next year" in the words of the HIA.

The building approvals figures for July are due out tomorrow.