Auction activity 33% down on last year
CoreLogic’s Auction Market Preview for the week ending August 12 confirmed that the auction level across capital cities remains steady. There are so far 1,320 auctions currently being tracked this week, according to the data.
HIA warns that metering legislation may delay power installation
HIA (The Housing Industry Association) recently made the Australian Energy Market Commission aware of their concerns regarding significant delays in installing power to newly constructed homes due to the Federal Contestable Metering (Power of Choice) legislation, which was realized in 2017.
