South Australia’s building industry is currently experiencing unprecedented demand for new homes due to the massive popularity of the HomeBuilder grant, and record low interest rates.
When HomeBuilder was announced in June last year, the government estimated about 2000 South Australian homes would be built using the grant. By the end of the application period on 28 March, the government had received almost 14,000 HomeBuilder applications. South Australia has the highest uptake of the grant in the country per capita.
Building approvals and loans for construction of new homes recently hit their highest ever levels.
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