Government grants stop slide in new home sales

Australian Property Investor

The federal government’s $688 million HomeBuilder initiative has stopped a decline in new home sales across Australia, with improving market confidence flowing into new builds.

Data from the Australian Bureau of Statistics showed COVID-19 initially caused a plunge in new home construction in all states, but that fall was now being cushioned by the government grants on offer.

To read the story in full, including information from the Urbis/UDIA Home Purchaser Sentiment Survey, click here.