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$vuetify.icons.faPhone1300 650 620

New activity remains strong in WA heading into 2022

 Media release

New activity remains strong in WA heading into 2022

 Media release
HIA WA Executive Director Cath Hart says the current boom in home building in WA will be sustained throughout 2022, with consumer appetite for new homes continuing despite the end of the building grants.
Friday, 19th November 2021

Ms Hart said the release of the latest HIA Economic and Industry Outlook Report showed a high level of confidence in WA’s new home building sector.

“COVID marked a significant structural shift in the WA housing market with the home building grants acting as a green light for consumer confidence after several years of depressed activity,” said Ms Hart.

“HIA’s latest forecast for new home building in WA points to activity being above pre-COVID levels over the next three years.

“WA has recorded 79.6 per cent growth over 2020, with 23,840 expected starts in 2021 and then a further 20,220 starts forecast for 2022.

“The state has benefited from an inflow of residents from other states with more people choosing WA as their preferred destination to live and work during the pandemic - a contrast to the high number of residents who left for the east coast after the previous mining boom.

“Today’s strong forecast is positive in terms of increasing the supply of housing stock but comes as the home building sector continues to grapple with the ongoing challenges of shortages of labour, land and materials.

“The impact of this means that the time it takes to complete the build of a new home is now the longest it has been in ten years.

“We expect this will moderate throughout 2022 as global supply chains efficiency improves and borders begin to open.”
*HIA’s National and State Outlooks are Australia’s most comprehensive housing report card, encompassing renovations activity, new home building, policy updates, global and domestic economic analysis, and dedicated state and territory housing databases. For further information or for copies of the publication (media only) please contact: Kirsten Lewis on k.lewis@hia.com.au.

For more information:

Cath Hart

Regional Executive Director - WA

Madeleine Palm

Communications and Media Coordinator, WA
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