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Latest Land Developers News

HomeBuilder grant prompts rush of land releases

The Federal Government’s $25,000 handout to those building a new home has prompted major developers to bring forward land releases in a bid to capitalise on the rush of first-time buyers looking for a discount.

Orchard Property Group's Brent Hailey
Brent Hailey says Orchard Property Group has fast tracked construction at its Aurora project near Ipswich. Photo: Orchard Property Group

The Federal Government’s $25,000 handout to those building a new home has prompted major developers to bring forward land releases in a bid to capitalise on the rush of first-time buyers looking for a discount. 

Builders are experiencing a major spike in sales following the announcement of the $688 million HomeBuilder program.

The scheme was announced in early June to stimulate the industry after the impacts of COVID-19. It gives eligible homeo…