New home sales almost doubled in December, and home buyers scrambled to buy before the deadline for HomeBuilder subsidies. Buyers hoping to buy houses before the end of the HomeBuilder subsidy began to act, and the number of new house contracts almost doubled in December. The HIA (Housing Industry Association, Housing Industry Association) latest new home sales report shows that as of December last year, in the last few days of being approved to apply for federal government subsidies, new home sales increased by 91.8% from the previous month. This was the second strongest month for new home sales on record, with an increase of 99.5% in December 2019.
HIA chief economist Tim Reardon (Tim Reardon) said that for the industry as a whole, this is a very exciting 6 months. The deadline of HomeBuilder brought a lot of orders. The Morrison government announced this plan to provide 25,000 Australian dollars in subsidies to encourage new houses and major renovations across Australia during the epidemic. The plan is from June to December, and the start date of the project has also been extended from 3 months to 6 months. Across Australia, compared with the same period in 2019, sales of new homes in all regions in the December quarter of last year increased. South Australia is the best performer (188.3%), followed by Victoria (103.1%) and Queensland (99.9%). It is expected that the purchase volume in January will not reach the same level. Although the international supply chain was affected by border closures and blockades in the first few months of the outbreak, Australia’s construction industry remained largely unaffected. Tim said: “The construction industry is capable of building so many homes. Businessmen will face pressure and demand, but this will not bring us back to the level of activity before 2017.
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