Business
New home sales sink as HomeBuilder qualifying period ends – The Australian Financial Review
The monthly figures suffered a large drop but the outlook for sustained strong housing construction remains unchanged.
There is an unprecedented volume of building starts set to occur in 2021, Ms Lillicrap said.
HomeBuilder and lower interest rates have facilitated a surge in demand for detached homes that ensures a record number of new detached homes will be built this year and into 2022.
Last month, the federal government extended the time allowed for home contracts signed under HomeBuilder to begin construction, giving builders until September 30 next year to begin work, rather than the end of September this…
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