HIA reveals Australia’s top homebuilders for 2019
September 30, 2019
For the fourth consecutive year, Metricon Homes was revealed as the nation’s number one residential builder at the launch of the HIA-COLORBOND® steel Housing 100 Report.
Announced before a packed audience at HIA’s Construction Outlook Breakfast, Metricon Homes reported a total of 4,473 new home starts across Victoria, Queensland, New South Wales and South Australia.
With many Victorian homebuilders in the mix of the top 20 largest home builders in the country, the market share of the Housing 100 builders has increased to 35 per cent this year from 33 per cent in 2017/18. This is the highest market share since 2013/14 and is consistent with previous trends where volume home builders gained market share in a contracting market.
Whilst home building businesses in Sydney have experienced a sharper contraction in the number of new home starts than other jurisdictions, the home building market in Melbourne remains exceptionally strong despite a modest cooling over the year.
With the Housing 100 builders increasing their market share in a declining market, this must mean that the smaller building businesses are incurring a disproportionately large burden of the market downturn. Two interest rate cuts, a cut to income tax and the easing of the credit squeeze will start to support economic activity and prevent a more sustained downturn in home building.
Read more about the Top 20 Homebuilders in Australia.