“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.
The Victorian Government continues to lead the world in its response to combustible cladding with a ban on high risk cladding products on new multi-storey buildings coming into effect.
Bega Valley Shire Council has launched a new, consolidated ‘super’ procurement panel to cover all categories of civil and trade works and services, making it easier for suppliers to bid for Council work.
“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.
The success of the Federal Government’s HomeBuilder grants program demonstrates the power of residential construction in supporting jobs and driving economic activity.
“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.
The NSW Environment Protection Authority (EPA) is calling for innovative and new projects looking for ways to re-use discarded materials to make new products or for new uses, and for construction projects that want to re-use materials like construction waste, glass or plastic, to apply for new grants to help create a circular economy.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) improved by a further 7.5 points to 52.7 in October 2020, with the return to mild expansion driven by housing construction (readings above 50 indicate expansion in activity, with higher results indicating a faster expansion).
The WA Government will give more Western Australians the opportunity to access the highly successful Building Bonus program, by giving homebuilders more time to commence site works to qualify for the $20,000 grant.
Construction is now underway on Stage 1 of the much anticipated Bussell Highway dual carriageway in the state’s South West.