As per the Housing Industry Association, the rise in the demand for new detached homes would help the Australian economy to come out of recession.
Post the announcement of HomeBuilder there was an increase in the volume of work on the ground which shall accelerate into 2021. The final reason pulling the market ahead has been the revival of the first home buyer.
Access to funding was a key constraint in recent years. The ease in the restrictions is expected to further assist first home buyers to enter the market.