The Federal Government HomeBuilder Program has been a runaway success securing construction jobs during the pandemic induced recession.
This year is set to see the largest number of house starts in Australian history, with all states and territories recording a boost with the support of HomeBuilder. The HomeBuilder scheme has had its strongest take up in SA – giving tradies more work than they have had in a long time.
A total of 13,913 grants – each worth $25,000 – have been handed out in SA.The latest ABS construction figures show renovation work was the highest on record in the March quarter. It is anticipated this pipeline of work will keep tradies in jobs and the sector active throughout 2022.
Blue Lake Homes manager Jacinta Jones said the HomeBuilder scheme had an incredible impact to the business, enabling clients to be able to get into their own home many years before they would have been able to if they had to save $25,000. “HomeBuilder has also allowed those that have sold their house to be able to build straight away rather than waiting and in many cases build larger homes with their additional funds,” Ms Jones said.
“The flow on effect of this will be seen in our community for some time now the starts time frame has been extended with trades, suppliers and businesses benefiting from the increased volume of houses being built. This has a ripple effect in creating confidence and spending on our community.
“In the 30 years that Blue Lake Homes has been in business this is the first time we have seen this grant amount available for our clients and it has certainly seen our client number increase over the last six months.” Member for Barker Tony Pasin said the HomeBuilder program played a key role in supporting the housing industry, the timber industry of the South east and the economy more broadly during the height of the pandemic.
“These results speak for themselves. HomeBuilder not only saved construction jobs during the worst of the COVID-19 recession, it has helped underpin Australia’s strong economic recovery,” Mr Pasin said. “The 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.”
Mr Pasin said the housing starts the HomeBuilder Program had generated would ensure the residential construction industry remained buoyant throughout the rest of 2022.