{"id":76251,"date":"2021-06-08T17:56:18","date_gmt":"2021-06-08T07:56:18","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/?p=76251"},"modified":"2021-06-08T17:56:18","modified_gmt":"2021-06-08T07:56:18","slug":"record-year-of-house-building-underway","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/","title":{"rendered":"Record year of house building underway"},"content":{"rendered":"

A record number of detached housing starts will occur in the twelve months to September 2021 with more than one-hundred and forty-six-thousand builds commencing construction.<\/p>\n

That\u2019s according to the recent HIA Economic and Industry Outlook Report<\/em> that shows the starts will be more than 20 per cent higher than the peak of the previous boom in 2018.<\/p>\n

The report includes updated forecasts for new home building and renovations activity for Australia and each of the eight states and territories.<\/p>\n

\"\"
HIA Economist Angela Lillicrap said that this large volume of work will ensure that the industry remains very active through until at least the second half of 2022.<\/figcaption><\/figure>\n

HIA Economist Angela Lillicrap said the large volume of work will ensure the industry remains active through until at least the second half of 2022.<\/p>\n

\u201cRenovation activity is also at an all-time high and likely to remain elevated for a number of years due to the nature of the COVID recession and house price growth,\u201d she said.<\/p>\n

\u201cThis level of activity is not likely to be seen again for many years, if not decades.<\/p>\n

\u201cThe combination of factors that have led to this boom is unprecedented and are driven by HomeBuilder and low interest rates as well as a change in consumer preference away from high density areas.<\/p>\n

\u201cThe key challenge for the industry has shifted from a slump in demand this time last year, to having sufficient supply of materials, labour and land to satisfy this demand.<\/p>\n

\u201cThe extension of HomeBuilder\u2019s commencement deadline will help limit the impact of constraints imposed by land, labour and materials and ensure the elevated volume of detached homes will be sustained for longer.<\/p>\n

The growth in detached starts was in contrast to multi-unit starts, which are anticipated to decline in 2020\/21, where the nation\u2019s closed boarders are having an impact in that sector.<\/p>\n

\u201cIf overseas migration returns sooner, or faster, than anticipated, then the trough of 93,500 new housing starts in 2023 will not be as deep as currently forecast,\u201d Ms Lillicrap said.<\/p>\n

\u201cEqually, if the restrictions on skilled migration continue into 2022 the depth of the emerging slowdown in new detached starts will be exacerbated.<\/p>\n

\u201cThe return to stable and certain population growth is central to stable economic growth.\u201d<\/p>\n

Metricon general manager regional housing Phil Barrett said that Metricon has seen this big pickup in demand.<\/p>\n

\u201cAs Australia\u2019s leading home builder, we have an unprecedented volume of building starts set to occur in 2021,\u201d he said.<\/p>\n

\u201cThe success of the HomeBuilder scheme and lower interest rates have facilitated in a surge in demand for detached homes that ensures a record number of new detached homes will be built this year and into 2022.<\/p>\n

\u201cIn regional areas we are experiencing record activity as savvy buyers seize the opportunity to secure a new home away from the city, with evidence that location is something customers are now looking at differently.<\/p>\n

\u201cWith many organisations embracing working from home beyond COVID-19 restrictions, a home in a regional community is now being viewed more favourably \u2013 particularly if you are only commuting a few days per week as opposed to the full five days or can work entirely from home.<\/p>\n

\u201cThe demographic shift in population towards regional locations and low interest rates will continue to drive demand for new homes over the months to come.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

A record number of detached housing starts will occur in the twelve months to September 2021 with more than one-hundred and forty-six-thousand builds commencing construction. That\u2019s according to the recent HIA Economic and Industry Outlook Report that shows the starts will be more than 20 per cent higher than the peak of the previous boom […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":29,"featured_media":76252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"class_list":["post-76251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nRecord year of house building underway - Bendigo Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record year of house building underway - Bendigo Times\" \/>\n<meta property=\"og:description\" content=\"A record number of detached housing starts will occur in the twelve months to September 2021 with more than one-hundred and forty-six-thousand builds commencing construction. That\u2019s according to the recent HIA Economic and Industry Outlook Report that shows the starts will be more than 20 per cent higher than the peak of the previous boom [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/\" \/>\n<meta property=\"og:site_name\" content=\"Bendigo Times\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-08T07:56:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/24\/2021\/06\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dean Webster\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dean Webster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/\"},\"author\":{\"name\":\"Dean Webster\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/#\\\/schema\\\/person\\\/d279ea712d198c6ed08eb420e88e6ba8\"},\"headline\":\"Record year of house building underway\",\"datePublished\":\"2021-06-08T07:56:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/\"},\"wordCount\":560,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/24\\\/2021\\\/06\\\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/\",\"name\":\"Record year of house building underway - Bendigo Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/24\\\/2021\\\/06\\\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg\",\"datePublished\":\"2021-06-08T07:56:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/#primaryimage\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/24\\\/2021\\\/06\\\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/24\\\/2021\\\/06\\\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg\",\"width\":1000,\"height\":667,\"caption\":\"Metricon General Manager Regional Housing Phil Barrett said that as Australia\u2019s leading home builder, they have an unprecedented volume of building starts set to occur in 2021\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/real-estate\\\/record-year-of-house-building-underway\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Record year of house building underway\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/#website\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/\",\"name\":\"Bendigo Times\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/#organization\",\"name\":\"Bendigo Times\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/24\\\/2021\\\/02\\\/BDT-logo-masthead-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/24\\\/2021\\\/02\\\/BDT-logo-masthead-scaled.jpg\",\"width\":2560,\"height\":491,\"caption\":\"Bendigo Times\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/#\\\/schema\\\/person\\\/d279ea712d198c6ed08eb420e88e6ba8\",\"name\":\"Dean Webster\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/bendigotimes\\\/author\\\/deanwebster\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Record year of house building underway - Bendigo Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/","og_locale":"en_US","og_type":"article","og_title":"Record year of house building underway - Bendigo Times","og_description":"A record number of detached housing starts will occur in the twelve months to September 2021 with more than one-hundred and forty-six-thousand builds commencing construction. That\u2019s according to the recent HIA Economic and Industry Outlook Report that shows the starts will be more than 20 per cent higher than the peak of the previous boom [...]Read More...","og_url":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/","og_site_name":"Bendigo Times","article_published_time":"2021-06-08T07:56:18+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/24\/2021\/06\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg","type":"image\/jpeg"}],"author":"Dean Webster","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Dean Webster","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/#article","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/"},"author":{"name":"Dean Webster","@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/#\/schema\/person\/d279ea712d198c6ed08eb420e88e6ba8"},"headline":"Record year of house building underway","datePublished":"2021-06-08T07:56:18+00:00","mainEntityOfPage":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/"},"wordCount":560,"publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/#organization"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/#primaryimage"},"thumbnailUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/24\/2021\/06\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg","articleSection":["Real Estate"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/","url":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/","name":"Record year of house building underway - Bendigo Times","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/#website"},"primaryImageOfPage":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/#primaryimage"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/#primaryimage"},"thumbnailUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/24\/2021\/06\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg","datePublished":"2021-06-08T07:56:18+00:00","breadcrumb":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/#primaryimage","url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/24\/2021\/06\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg","contentUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/24\/2021\/06\/Phil-Barrett-Metricons-General-Manager-Regional-Housing-e1623138868731.jpg","width":1000,"height":667,"caption":"Metricon General Manager Regional Housing Phil Barrett said that as Australia\u2019s leading home builder, they have an unprecedented volume of building starts set to occur in 2021"},{"@type":"BreadcrumbList","@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/record-year-of-house-building-underway\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/"},{"@type":"ListItem","position":2,"name":"Record year of house building underway"}]},{"@type":"WebSite","@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/#website","url":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/","name":"Bendigo Times","description":"","publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/#organization","name":"Bendigo Times","url":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/#\/schema\/logo\/image\/","url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/24\/2021\/02\/BDT-logo-masthead-scaled.jpg","contentUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/24\/2021\/02\/BDT-logo-masthead-scaled.jpg","width":2560,"height":491,"caption":"Bendigo Times"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/#\/schema\/person\/d279ea712d198c6ed08eb420e88e6ba8","name":"Dean Webster","url":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/author\/deanwebster\/"}]}},"_links":{"self":[{"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/posts\/76251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/comments?post=76251"}],"version-history":[{"count":0,"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/posts\/76251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/media\/76252"}],"wp:attachment":[{"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/media?parent=76251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/categories?post=76251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/tags?post=76251"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/wp-json\/wp\/v2\/post_folder?post=76251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}