HIA has last week reported that New South Wales has widened its lead over Victoria in the latest HIA Housing Scorecard report. The HIA Housing Scorecard ranks each of the eight states and territories based on the performance of their housing markets.
“The large states dominate the top rankings in the latest HIA Housing Scorecard, with NSW extending its lead in first place thanks to a remarkable performance on the detached house side,” explained HIA Senior Economist, Shane Garrett.
“In second place on the HIA Housing Scorecard, Victoria was particularly strong for home renovations activity but also did well on the detached housing side,” continued Shane Garrett.
“Queensland grabbed the bronze medal with a solid showing on the multi-unit side,” Shane Garrett remarked.
The higher usage of face bricks in detached houses is clearly benefiting NSW bricklayers, with a continuing high demand for our trade.
It’s a prime time to take advantage of the excellent employer Subsidies to put on a new apprentice after the Christmas break. However, at the present time demand for bricks is continually increasing. All across the country very attractive Subsidies from ABBTF and governments exist to support employers putting on a new apprentice.
“Outside of the Top Three, South Australia and the ACT occupied the mid-table positions in the HIA Housing Scorecard. Western Australia, the Northern Territory and Tasmania are all neck-and-neck with declining market momentum on the HIA Housing Scorecard,” added Shane Garrett.
“Probably the starkest result from today’s HIA Housing Scorecard concerns the volume of First Home Buyer loans, which have fallen well below their long-term average in each state and territory. The obstacles to housing affordability for first home buyers merit a national-led response,” concluded Shane Garrett.
View the full scorecard rankings Here.
ABBTF NSW- ACT Manager