SINCE 1997

Latest Gary Brinkworth News

Despite turbulence, more new homes being built and sold

Despite the turmoil associated with the building industry and rising interest rates and uncertain market conditions, the number of new homes being built and sold has increased.

A two storey house being built in a new estate in Melbourne; frame for the first stage erected, windows stacked up waiting to be installed.
“Demand for new homes continues to be driven by a shortage of homes"

Despite the turmoil associated with the building industry and prospective property buyers confronting rising interest rates and uncertain market conditions, the number of new homes being built and sold has increased.

New home sales increased by 3.9 per cent in March 2022 compared to the previous month, while the 2021 calendar year saw 147,760 detached house commencements, up by 30.5 per cent on the previous year and 11.6 per cent higher than the…