New home sales have risen to their highest level in four years, driven largely by multi-unit sales
New home building approvals hit a record high in March, which may help to ease price pressure
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