Government grants stop slide in new home sales
The federal government’s $688 million HomeBuilder initiative has stopped a decline in new home sales across Australia, with improving market confidence flowing into new builds.
Government stimulus has ensured the new home sector will flourish for the next year. Photo: Shutterstock (Image source: Shutterstock.com)
The federal government’s $688 million HomeBuilder initiative has stopped a decline in new home sales across Australia, with improving market confidence flowing into new builds.
Data from the Australian Bureau of Statistics showed COVID-19 initially caused a plunge in new home construction in all states, but that fall was now being cushioned by the government grants on offer.
Housing Industry Association chief economist Tim Reardon said the home…
