The following trade update has been supplied by IndustryEdge from its online platform, Wood Market Edge online. All the data used and referred to here is available for download by IndustryEd…

Sales of locally produced sawn softwood products declined 5.8% over the year-ended March 2023, falling to 2.952 million m3, resting below the 3.0 million m3 mark for the fourth consecutive m…

Locally produced sawn softwood prices continued to stabilise in the first quarter of 2023. Following the simply stunning price increases from mid-2020, most of the main grades spent the lat…

Australia’s unemployment rate remained stable in March at a low 3.5%, with the Participation Rate remaining strong at 66.7%. A very solid run of employment data is operating consistent with…

In February 2023, total housing finance fell for the tenth consecutive month, since the RBA commenced the cycle of interest rate increases that dominates the nation’s BBQ conversations rig…

Australia’s total new dwelling approvals fell 17.9% year-ended February 2023, declining to 182,591 separate units. House approvals were 20.2% lower at 112,763 for the year, in a falling ma…

As new dwelling approvals plummeted in the December quarter, Australia’s pipeline of houses under construction expanded to a new record 105,111 houses. Even though commencements decline…

Australia’s inflation rate has turned the corner, having peaked in December at 7.8% with the March quarter result at 7.0%. Despite the improvement, the RBA pounced on latest expenditure dat…