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{{propApi.successMessage}} {{region}} Change locationHomeBuilder sets Victorian records
HomeBuilder sets Victorian records
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“Off the back of record contract signings for new homes around the HomeBuilder grant deadlines, Victoria has now had more detached house commencements than in any previous quarter or year on record,” stated Fiona Nield HIA’s Victorian Executive Director.
The data provides estimates of the value of building work and number of dwellings commenced, completed, under construction and in the pipeline across Australia and its states and territories.
“The 2020/21 financial year saw 46,287 detached house commencements in Victoria. This is 17.9 per cent higher than the pre-HomeBuilder annual record of 39,249 set over a decade ago,” added Ms Nield.
“In the three months to June 2021 almost 14,200 new houses commenced construction in Victoria. This is 33.3 per cent higher than the pre-HomeBuilder quarterly record set in March 2010.
“We anticipate that this peak in new house starts will remain a record for many years and perhaps decades.
“There is, however, a stark divergence between the detached and multi-unit markets.
“Despite multi-unit commencements lifting in the June 2021 quarter, the 2020/21 financial year was still down by 43.4 per cent from the 2017/18 market peak. This is the weakest financial year for multi-unit commencements since 2011/12.
“This sector’s prospects are very much tied to the return of the overseas and interstate migrants, students and tourists that Victoria depends upon more than any other state or territory,” concluded Ms Nield.
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Detached house approvals picking up
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
State Budget is a missed opportunity to stimulate housing
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
HIA supports bipartisan approach to planning reform NSW
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.