HomeBuilder Continues Record Streak

HomeBuilder helped generate a record number of single-detached home starts in the June 2021 quarter.

Construction activity data released by the Australian Bureau of Statistics for the June 2021 quarter showed that the value of construction work and the number of homes started, completed, under construction and underway are higher than any quarter. previous recorded.

The numbers also show 139,195 single-detached home starts in fiscal year 2020/21, 5.2 percent more than the previous record of 132,377 set in 1988/89.

Deputy Treasurer and Minister of Housing Michael Sukkar said the HomeBuilder program continues to work in the housing sector and is helping Australia’s economic recovery.

“The HomeBuilder program is once again breaking records and exceeding all expectations,” said Minister Sukkar.

“With more single-detached home starts in the June quarter than any other year and nearly 140,000 starts last year, HomeBuilder’s impact continues to support commercial jobs and help Australians to access the property.

“Today’s numbers are further proof that HomeBuilder has been extremely efficient and focused.

“In a time of great economic uncertainty, HomeBuilder has given people the security and confidence to build or rebuild a home. These figures show that the program continues to stimulate economic activity and the building and construction sector.

“The Coalition Government’s HomeBuilder program, in conjunction with our other housing policies such as the First Home Loan Deposit Scheme and the Family Home Guarantee, are attracting more Australians to homes, keeping people in their jobs and supporting housing. optimism in the housing sector. ”

The Northern Territory saw the largest increase in single-detached housing starts in the June 2021 quarter, up 73.2%. Next come Victoria (+ 31.4%), Tasmania (+ 24.0%), New South Wales (+ 16.2%) and Queensland (+ 2.4%). Other states saw quarterly declines from HomeBuilder-generated records, including the Australian Capital Territory (-13.3%), South Australia (-4.6%) and Western Australia ( -1.0%).

Queensland saw the biggest increase in multi-family housing starts in the June 2021 quarter, up 119.3%. Next come South Australia (+ 92.1%), New South Wales (+ 50.5%), the Northern Territory (+33.3%) and Victoria (+33.0%). The other states saw quarterly declines, notably Tasmania (-42.3%), the Australian Capital Territory (-14.9%) and Western Australia (-8.4%).

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