THE BYRON SHIRE
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New housing continues its upward march ‘The recovery is also being driven primarily by other dwellings (multi-units) rather than detached housing. Both segments are growing, but annual commencements for detached houses are nine per cent below their 20-year average while commencements of multi-units are running 35 per cent above their 20-year average. ‘This compositional change has an influence on the extent of the boost that domestic manufacturers and retailers will experience from the new home building recovery. ‘Overall, the upward trajectory in new dwelling commencements is still clearly a positive factor for the broader domestic economy.’ In the September 2013 quarter detached house commencements lifted by 1.3 per cent while multi-unit
The ABS release of housing data on January 16 includes crucial information regarding dwelling commencements. The commencements update points to an ongoing new home building recovery, according to the Housing Industry Association (HIA). ‘There was a 2.0 per cent decline in the September 2013 quarter, but over the twelve months to September there were 163,250 homes commenced,’ said HIA chief economist Dr Harley Dale. ‘Looking past the spike in activity owed to the GFC-related stimulus, that is the strongest level recorded since 2004. ‘The overall recovery in new dwelling commencements since the trough in March 2012 is still being driven by New South Wales and Western Australia, although Queensland is showing clear signs of improvement. Dwelling Starts - Moving Annual Total Source: ABS 8752.0, HIA Economics
commencements fell by 6.6 per cent. Accounting for the June quarter base, healthy gains in total commencements were evident in New South Wales (up 8.6 per cent) and Western Australia (up 4.0 per cent). The September quarter also saw growth for South Australia (up 2.4 per cent), the Northern Territory (up 1.9 per cent), and Queensland (up 0.2 per cent). Quarterly declines were recorded in Victoria (down by 8.5 per cent), Tasmania (down by 5.4 per cent), and the Australian Capital Territory (down by 32.7 per cent). In terms of the value of work done, the ABS release revealed an increase of 1.3 per cent in new residential work done in the September 2013 quarter. The value of larger alterations and additions posted a disappointing result, declining by 3.3 per cent in the September 2013 quarter.
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Selling Houses Australia returns for seventh season
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am 0.30 10-1 y a rd Satu
5/35 Childe Street, Byron Bay Brand new, never been lived in To be sold fully furnished Lagoon style pool in complex Popular holiday complex with proven income Less than 100 metre walk to beach and 10 minutes to town
Price – interest over $699,000. Contact Helen Huntly-Barratt 0412 332 232
Sep-2013
The LifeStyle Channel’s hit series, Selling Houses Australia, is back for its seventh season when it screens on Wednesday, February 5 at 8.30pm on Foxtel. Host and property expert Andrew Winter will again be joined by landscape designer Charlie Albone and interior designer Shaynna Blaze. Together the team will look into the issues faced by property owners and provide current and practical advice for Australians navigating their way through the real estate market. The team have their work cut out for them in this series, with 13 episodes, including their biggest makeover yet – a country pub in regional Victoria. In 2013, Selling Houses Australia was the highest rating series for The LifeStyle Channel. It was also voted favourite program at the 2013 ASTRA Awards. Season 7 features properties
from all over Australia, including million dollar waterfront mansions; an owner with pink and purple hair to match her pink and purple house; an historic country pub and every home in between that no-one can sell and no-one wants to buy. Once again, the team will pull out all the stops to turn them in to saleable properties with spectacular results. For example, Sally has lived in her parents’ waterfront mansion most of her life. The house has huge sentimental value, but she can’t afford the upkeep and needs to sell. But while some of the house is fabulous and impressive, other parts are terrible, which means it doesn’t cut it as ‘luxury waterfront’. So what sinister
secret is lurking behind the cupboard door that’s sending buyers running? Sue loves all things pink and purple. She has purple hair, wears purple clothes and drives a hot-pink ute. But her love of colour doesn’t stop there. Sue has extended her personality into her home, and her decorating style is leaving buyers’ eyes black and blue. Little wonder no-one will pay $2.6 million for her discoinspired country estate. And with a house the size of a large suburban block and
seven acres of land, this is a makeover on a grand scale. Ever dreamed of owning a nice little pub in the country? Think again. Barney and Barb thought their country pub would give them an idyllic lifestyle where they could work and play together; the reality was a 24/7 commitment working 7 days a week, 14 hours a day. The couple purchased the leasehold on the run-down pub in Alexandra, Victoria three years ago. They worked tirelessly to turn the place from bankrupt to the most popular pub in town. They’re pillars of the community raising thousands of dollars for charity, but their efforts have taken their toll, physically, emotionally and financially. Despite their hard work, the pub is struggling to make a profit and now they just want out.
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44 January 21, 2014 The Byron Shire Echo
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