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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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Higher rates will not build more homes
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HIA welcomes recommissioning of Cardup Brickworks
The Housing Industry Association (HIA) has welcomed the Cook Government's support for the recommissioning of the Austral Brickworks facility at Cardup, describing the decision as an important step towards improving building material supply and supporting the delivery of homes and infrastructure across Western Australia.
Cardup Brickworks to recommence operations
HIA welcomes the announcement that Brickworks will recommence operations at its Cardup brickworks facility, supported by the WA Government.
Half of regional Tasmania's new homes approved in just four council areas
Half of all new homes approved across regional Tasmania in the past year were in just four council areas around Launceston, new HIA analysis of ABS building approvals data shows.