As projected by Housing Industry Association (HIA), the home building sector in Western Australia would recover in the upcoming 12 months. The forecast represents a strong resurgence for residential building starts in WA after consumer stimulus schemes declared by the state & federal governments.
HIA anticipates the September quarter to be the bottom of the extended downturn in residential building in Western Australia (WA).
This revised stance is good for home building, job creation as well as the wider WA economy.
It is expected that 15,950 dwelling would start in WA in 2020/2021 after the declaration of WA’s Building Bonus and the federal Home Builder scheme.