March 7, 2012 Powell
News
The month of February has seen many developments take place in Powell Constructions. We look forward to moving forward with continued enthusiasm and success!!!!!
Congratulations to Josh Casey on his award for employee of the month. Josh works as our Estimator and has been with Powell Constructions for just over 6 months. Josh has brought a strong work ethic with him to Powell Constructions and this shines through in all he does. Josh has been a fantastic team player and always willing to assist in any task that may be asked of him. This award is definitely well deserved.
February 1, 2012 Powell
News
According to a recently released report by the Housing Industry Association (HIA), Australia’s property market softened last year and 2012 should see a return to growth.
Australia’s property market has been predicted to return to positive territory on the back of last year’s interest rate cuts.
“Another year has passed with portents of doom and gloom regarding residential property prices yet again proving incorrect,” says the report.
And with Australia’s median dwelling price returning to modest growth, according to RP Data-Rismark data, the HIA is hopeful that real estate will make its comeback this year.
“The good news is that with back-to-back rate cuts in November and December 2011, there is every chance we may see a return to dwelling price growth at some stage in 2012,” says the report.
“As interest rates retreat further prospective investors are likely to increasingly favour housing over term-deposits or shaky equity markets. Meanwhile, as the cost of repayments start to align more closely with rent payments, current tenants are also likely to look at making the leap into home-ownership,” concludes the report.
The HIA report pointed to the following underlying strengths in the Australian property market:
• Australia’s large housing shortage: The HIA’s Housing to 2020 report estimates that the national dwelling shortage stood at 229,500 dwellings as at June 2011.
• Australian borrowers remain highly able to meet home-loan repayments and consumers have been saving heavily – suggesting many potential buyers have access to a house deposit.
• Despite difficulties posed by the multi-speed economy, Australia has a healthy mining sector and business investment will remain an important driver of growth.
• Although new home lending has been disappointing, lending for existing properties has been trending upwards which augers well for buyer activity over the next nine or so months.
• Vacancy rates remain low in all the capital cities, driving up rents. Plus, lowering interest rates make buying a property more attractive – either to get out of the rental market, or as an investment.
http://hia.com.au/media/~/media/Files/MediaMicrosite/Media%20Releases/QLD/LNP%20Gives%20Welcome%20Focus%20on%20Construction%20and%20Property%20QLD.ashx
January 12, 2012 Powell
News
A decade ago, options for building new homes were limited: either hire an expensive builder or architect, or invest in project home that looked identical to every other house in the neighbourhood.
State government incentives, such as new the Home Builders Bonus (ending on 31 January 2012) also make it more affordable for home buyers to build from scratch.
Despite this incentive, many buyers believe the hassle of building a new home outweighs the government’s incentives. But if you do your research, however, building a home from scratch can be surprisingly easy and hassle free.
Designs have improved substantially over the years, there’s been a definite shift towards removing formal dining spaces that people don’t use very often, and creating homes that function around the way we live in today’s society.
Most residential housing designs now integrate indoor and outdoor spaces in line with the Australian climate, which lends itself to informal entertaining.
Powell Constructions offer a one-stop shop for designing, engineering, seeking council and building approval, and construction. These processes are all managed in-house with a building process as short as 95 Days.
November 29, 2011 Powell
News
Welcome to the Powell Constructions November Newsletter
Employee of the Month
This month Lucy Stansfield has been awarded as Employee of the Month. Lucy has come from an Accounts background and gradually moved her way through the company, to now work as the key contact for Powell Constructions Sales and Contracts. We take this opportunity to thank Lucy for her tenacity, hard work and team ethics. Working with Lucy is a pleasure for the whole team at Powell Constructions.
With the holiday season nearing, Powell Constructions would like to take this opportunity to wish all our clients, suppliers and trades a Safe and Happy Holiday. Our office will be closed over the Christmas period from Friday, 16 December 2011 and return on Monday, 9 January 2012.
