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HomeBuilder Has ‘Saved the Day’ for Construction Industry: Master Builders The building industry’s peak body is applauding the success of the HomeBuilder scheme, which is expected to support $18 billion worth of residential construction and renovation projects. “There is no doubt that the Federal Government’s decisive action to implement HomeBuilder in the eye of the COVID storm saved the day for thousands of small builders and tradies, the people they employ and communities they support around the country,” Master Builder Association CEO Denita Wawn said in a statement. “Without HomeBuilder thousands of small builder and tradie businesses would have gone under, and hundreds of thousands of jobs would have been lost,” she said. ....
Australian Regional Property Markets Racing Ahead in Profits A new report by property researcher CoreLogic has found that the property market in rural and regional areas experienced a boom in the last financial quarter. The latest Corelogic Pain and Gain report found that just over 88 percent of housing sales made a gain in the September quarter, translating into $24.8 billion in profits. This was an increase of $5 billion from the June quarter 2020. CoreLogic’s Head of Research Australia, Eliza Owen said these figures reflect the property market’s resilience through 2020, with regional areas near the coast proving the most popular for house hunters. ....