“It is anticipated that almost 130,000 new detached homes will commence construction in 2021. The previous record of 120,000 starts in a calendar year was set in 2018,” stated HIA’s Chief Economist, Tim Reardon.
Detached Building Approvals Reach Record High
Detached Building Approvals Reach Record High
“ABS Building Approvals data for detached houses rose for the sixth consecutive month in December (2020), to reach the largest number of approvals since the series began in 1983,” stated HIA Economist, Angela Lillicrap.
Residential Land in High Demand in September Quarter 2020
Residential Land in High Demand in September Quarter 2020
“Demand for residential land jumped by 27.7 per cent in the September 2020 quarter to be 62.7 per cent higher than at the same time last year, reflecting the surge in demand following the announcement of HomeBuilder in June,” said HIA Economist, Angela Lillicrap.
ACT tops Scorecard as Victoria’s record run comes to an end
ACT tops Scorecard as Victoria’s record run comes to an end
“In less than a year, the Australian Capital Territory managed to overtake Victoria, New South Wales, Queensland, South Australia and Tasmania to take out top spot in HIA’s Housing Scorecard Report,” stated HIA economist, Tom Devitt.
HomeBuilder the workhorse of economic recovery
HomeBuilder the workhorse of economic recovery
The success of the Federal Government’s HomeBuilder grants program demonstrates the power of residential construction in supporting jobs and driving economic activity.
New Home Sales Go Through the Roof in December 2020
New Home Sales Go Through the Roof in December 2020
“New Home Sales reached remarkable heights in December (2020), nearly doubling compared to the number of sales recorded in November (2020),” stated HIA’s Economist, Angela Lillicrap.
Record Level of Lending for New Home Building in November 2020
Record Level of Lending for New Home Building in November 2020
“The number of loans for the construction of a new dwelling rose for the sixth consecutive month in November to reach a new record,” stated HIA’s Economist, Angela Lillicrap.
Detached Building Approvals Go From Strength to Strength
Detached Building Approvals Go From Strength to Strength
“ABS Building Approvals data for detached houses rose for the fifth consecutive month in November to reach the highest number of approvals since December 1999,” stated HIA Economist, Angela Lillicrap.
New Home Sales Continue to Surge in November 2020
New Home Sales Continue to Surge in November 2020
“New Home Sales increased by a further 15.2 per in November to reach a decade high,” stated HIA’s Economist, Angela Lillicrap.
BuildBonus Grant Extended into the New Year
BuildBonus Grant Extended into the New Year
Territorians looking to realise their dream of building their own home in 2021 can access additional funding, with the Northern Territory Government announcing that the BuildBonus Grant has been extended.