After a disappointing start to 2020, Cath Hart believes there’s a bright outlook for the residential building sector.
The Housing Industry Association WA Executive Director was expecting nearly 20,000 homes would be built this year, but this was slashed to fewer than 10,000 when the COVID-19 pandemic struck. This was a result of low international migration and rising unemployment.
“Now, with the announcement of WA’s Building Bonus, the Australian Government’s Home Builder scheme, plans to cut red tape in building approvals and a campaign to encourage interstate FIFO workers and their families to permanently settle here, we expect 15,950 homes to start being built in Western Australia in 2020/21,” she says.
“According to our latest industry-wide survey of WA’s residential builders, news of the Building Bonus sparked a 132 per cent increase in groups visiting display homes, and a 73 per cent increase in qualified customer leads from just a week earlier.”
For more information see WA Recovery: Building homes.