The $29.66 billion renovations sector is predicted to decline further before it turns around
'We should be seeing more land brought to the market and sold during this period of low borrowing costs'
The Housing Industry Association says research shows targeting negative gearing would take its toll on housing investment, affordability and rental pressure.
The construction of new homes dropped almost 11% in the December 2014 quarter
Housing approvals for the construction of new homes recorded the second strongest month ever in February
The industry is calling for urgent action on stamp duty tax after the release of the federal government’s tax discussion paper, which admits it can be a “tax burden” on consumers