Invest
Has the HomeBuilder stimulus package worked?
Homebuilders are snapping up properties as the Morrison government’s controversial HomeBuilder scheme helps lift interest in the property market, latest stats have revealed.

Has the HomeBuilder stimulus package worked?
Homebuilders are snapping up properties as the Morrison government’s controversial HomeBuilder scheme helps lift interest in the property market, latest stats have revealed.

According to research by the REA Group, buyer appetite for new homes is surging, with enquiry to developers jumping by 62.8 per cent in June.
This spike followed on from a bullish 53.9 per cent increase in May.
The research suggests the announcement of HomeBuilder in early June has led to a further surge in the already increasing interest in new properties.
“Not surprisingly, land estate enquiries have recorded the largest jump over the month, up 93 per cent, followed by a 29.4 per cent increase in apartment leads and a much lower 4.3 per cent lift in enquiries for new retirement properties,” REA Group executive manager, economic research, Cameron Kusher said.
Over the past two months, enquiries for land estates have risen by 222.2 per cent, while apartment enquiries are 79.1 per cent higher and retirement enquiries have increased 107.1 per cent.
Nationally, last month saw a record number of developer enquiries.
The Northern Territory was the only state or territory in which enquiries fell last month (-21.2 per cent), while enquiries trebled in Tasmania (203.5 per cent), more than doubled in Western Australia (179 per cent) and almost doubled in Queensland (97.2 per cent) and South Australia (98.8 per cent).
Mr Kusher said the announcement of HomeBuilder could lead to a further surge in the already increasing interest in new properties.
“I expect to continue seeing high levels of enquiry to developers as buyers look to capitalise on government incentives and [record-low] borrowing costs that are currently available,” Mr Kusher said.
“It’s no surprise that land estate new development is benefiting from HomeBuilder, given the package is geared towards new builds, there are restrictions on construction time frames that inhibit apartment development, and the Australian dream is to own a house.”
About the author

About the author


Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. ...Read more

Property
Labor’s ‘Help to Buy’ scheme not without its risks
With Anthony Albanese sworn in as Australia’s 31st PM, home buyers are excited at the prospect of accessing the new ‘Help to Buy’ scheme, but a property expert has warned that the risks may be g...Read more

Property
Australia's housing market is entering a ‘broad-based correction phase’
Westpac believes the housing market downturn is now underway. ...Read more

Property
ANZ now expects house prices will end the year lower
With higher interest rates on the horizon, the bank is forecasting larger house price declines than previously expected. ...Read more

Property
Which capital cities are most attractive to property investors?
A new survey has suggested that investor attention is shifting away from Australia’s two largest capital cities. ...Read more

Property
Market uncertainty fails to discourage foreign property investors
While interest from foreign investors in Australian property has remained strong, HLB Mann Judd warned that tax increases could see demand shift to other markets. ...Read more

Property
Regional renters forced to spend more of their income than ever before
Renters in regional areas are spending nearly as much on rent as home owners are spending on mortgage repayments. ...Read more

Property
Aussie home buyers now need to save for over 11 years for a deposit
Since early 2020, the time needed to save for a deposit has increased by more than two years. ...Read more

Wrapping up an eventful 2021
Listen now

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?
Listen now

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?
Listen now

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?
Listen now

Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. ...Read more

Property
Labor’s ‘Help to Buy’ scheme not without its risks
With Anthony Albanese sworn in as Australia’s 31st PM, home buyers are excited at the prospect of accessing the new ‘Help to Buy’ scheme, but a property expert has warned that the risks may be g...Read more

Property
Australia's housing market is entering a ‘broad-based correction phase’
Westpac believes the housing market downturn is now underway. ...Read more

Property
ANZ now expects house prices will end the year lower
With higher interest rates on the horizon, the bank is forecasting larger house price declines than previously expected. ...Read more

Property
Which capital cities are most attractive to property investors?
A new survey has suggested that investor attention is shifting away from Australia’s two largest capital cities. ...Read more

Property
Market uncertainty fails to discourage foreign property investors
While interest from foreign investors in Australian property has remained strong, HLB Mann Judd warned that tax increases could see demand shift to other markets. ...Read more

Property
Regional renters forced to spend more of their income than ever before
Renters in regional areas are spending nearly as much on rent as home owners are spending on mortgage repayments. ...Read more

Property
Aussie home buyers now need to save for over 11 years for a deposit
Since early 2020, the time needed to save for a deposit has increased by more than two years. ...Read more