Tom Devitt @thomasdevitt1

Economist, atheist, geek Melbourne, Victoria Joined July 2017

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Tom Devitt @thomasdevitt1

2 weeks ago

A pleasure to present the improving outlook for home building and renovations activity at Gold Coast earlier this month. Thanks Australian Glass & Window Association, AUSFENEX25.

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Public sector jobs have outpaced private sector 4:1 since the GFC, even more in the last few years. But in the last 9 mths, that appears to have reversed, and largely before interest rate cuts will have had an impact. How this plays out will determine how high unemployment goes

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Tom Devitt @thomasdevitt1

4 weeks ago

One reason new home building picked up more in some states: the relative increase in the price of existing dwellings. In SA, since 2019, existing house prices increased by 75% vs 49% increase in cost of building new houses. It's becoming more viable in more markets to build new

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Tom Devitt @thomasdevitt1

a month ago

Granny flat construction set to take off in Australia! hia.com.au/our-industry/h…

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Tom Devitt @thomasdevitt1

2 months ago

Perth residential lot prices were stable for two decades. In just over a year, they increased by almost 50%. The fastest population growth in the country needs a healthy pipeline of shovel ready land - both greenfield and infill. hia.com.au/our-industry/n…

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Tom Devitt @thomasdevitt1

2 months ago

Private certification a key to improved productivity for home building hia.com.au/our-industry/n…

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Tom Devitt @thomasdevitt1

3 months ago

Reframing the path to affordability The narrative that housing affordability can only be improved by lowering construction costs or land prices overlooks a critical cause of the problem: over-taxation. hia.com.au/our-industry/h…

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HIA @HIAhousingvoice

3 months ago

The RBA decision to keep interest rates in restrictive territory today will not stop the improvement in leading indicators of future home building, HIA Senior Economist Tom Devitt. hia.com.au/our-industry/n…

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Tom Devitt @thomasdevitt1

3 months ago

Are WA and SA about to lose their affordability advantage? hia.com.au/our-industry/n…

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Tom Devitt @thomasdevitt1

3 months ago

Events in the Middle East & ongoing trade/tariff war are important to watch. Oil prices up $12/barrel or 20% in a fortnight Shipping containers jumped almost $1,200 in a week! People & businesses rushing to import products before tariff burdens or shipping obstructions worsen