HomeBuilder Propels Detached House Approvals To 20-year High

first_imgHomeBuilder Propels Detached House Approvals To 20-year High Master Builders Australia“October 2020 was the best month for new detached house building approvals in almost 21 years,”Master Builders Australia Chief Economist Shane Garrett said.During October 2020, a total of 10,936 new detached houses received building approval. The last time a higher figure was recorded was back in February 2000.“The numbers out today provide further proof that the HomeBuilder scheme is a huge success in supporting new home building at a very challenging time,” Shane Garrett said.“Inward migration to Australia is the single biggest driver of demand for new home building and with permanent arrivals to the country at their lowest since World War II, government support for residential building has prevented activity from sinking to catastrophic levels,” he said.“The weekend announcement of an extension to HomeBuilder is very welcome from this perspective as it means that the residential building industry can look forward to a decent pipeline of work for most of 2021,” Shane Garrett said.“The strong linkage between residential building activity and the health of the rest of the economy in terms of jobs and small businesses means that the extension of HomeBuilder is good news for everyone,” Shane Garrett said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, building, Economy, Government, HomeBuilder, house, industry, jobs, migration, pipeline, Small Business, worldlast_img read more

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