Why build your investment in Australia?

Credit:  Max Vakhtbovych 

For investors, there isn’t a better time to enter the Australian property market. In Master Builders Association’s most recently commissioned report, a forward projection comprehensively breaks down the government strategies for a more efficient supply of housing without the inevitable increase in pricing to meet the growing demand.

Credit Master Builders Australia

The incentivised government programmes will enable the construction of an additional 93,000 builds (41% increase) with additional funding through local councils like for example in Western Sydney.

In a climate of perpetual lockdowns and restrictions, lending data from the Australian Bureau of Statistics at the close of 2020 reported a remarkable 11.5% boost with the building and construction industry keeping the economy moving forward.

Loan commitments for existing dwellings accounted for 53% of December’s rise in owner occupier housing loan commitments, while construction of new dwellings accounted for 32%.

In December, the number of owner occupier first home buyer loan commitments rose 9.3% to reach 15,205 (seasonally adjusted), a 56.6% increase since December 2019.

This is the highest level since June 2009, when similar rapid growth was spurred by the temporary tripling of the first home owner grant; part of the federal government’s economic support package in response to the global financial crisis.

Leave a Reply

Your email address will not be published. Required fields are marked *