The federal government’s HomeBuilder grant has led to the largest number of new home sales in two decades, according to new data.
The Housing Industry Association (HIA) has reported that:
The number of new home sales in December was 91.8% higher than November
December was the biggest month for new home sales since March 2001
Sales volumes for 2020 were 32.5% higher than 2019
“This surge in sales can be attributed to HomeBuilder as households finalised contracts to build a new home before the 31 December 2020 deadline to access the $25,000 grant,” according to the HIA economist Angela Lillicrap.
HomeBuilder is continuing until the end of March, but with a reduced grant of $15,000.