The first homebuyers enjoyed a short jackpot with the new construction boom. But now, wealthy investors are re-entering the market.
According to data released yesterday by the Australian Bureau of Statistics, the government’s successful HomeBuilder program boosted housing investment to a record high, with lending commitments surpassing $ 30 billion in March.
However, the end of the program and soaring house prices set the stage for a surge in housing inequality.
To May last year Home lending fell to $ 16 billion. In June, the government announced a Home Builder package for the construction sector with great success. Housing finance first returned to pre-pandemic levels and reached record highs by the final quarter of 2020.
Read more about the latest information on the housing market …
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