Victoria still the top spot for HomeBuilder

By Gerv Tacadena

Victoria has remained the top state for HomeBuilder applications, latest figures from the Treasury show.

Around 75,000 households applied for the grant as of the end of 2020, with Victoria accounting for 29% of all applications. Roughly four in five of all applications are for the construction of a new home.

On the other hand, New South Wales reported the highest application volume for renovation works,

Housing Minister Michael Sukkar said the scheme is expected to support up to $18bn worth of residential construction projects.

"HomeBuilder was designed immediately to inject confidence and encourage buyers back into the market to offset the devastating effects of the pandemic on the residential construction industry," he said.

The table below shows the number of applications in each state as of the end of 2020:

HOMEBUILDER APPLICATIONS

(As of 31 December 2020)

 

New Build

Rebuild

Total

New South Wales

8,714

4,973

13,687

Victoria

17,382

4,213

21,595

Queensland

13,507

3,106

16,613

Western Australia

11,141

783

11,924

South Australia

5,949

1,479

7,428

Tasmania

1,521

291

1,812

ACT

1,371

520

1,891

Northern Territory

178

15

193

TOTAL

59,763

15,380

75,143

 

Sukkar said HomeBuilder was not only able to achieve its goal of spurring activity in the housing market but was also able to support tradespeople who would otherwise face unemployment.

"This is a phenomenal outcome for our tradies and for our economy at a time it needs it most," he said.

Sukkar said the extension of the scheme until March this year and the changes in the timeframes for the construction of successful applications will continue to benefit the economy and the housing industry.

"Extending HomeBuilder ensures there will be a steady pipeline of construction activity through to 2022 to lock in this momentum," Sukkar said.

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