Australia

End of HomeBuilder sets the stage for more housing inequality

The first homebuyers enjoyed a short jackpot with the new construction boom. But now, wealthy investors are re-entering the market.

(AAP image / Stephen Postles)

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.

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Place of originEnd of HomeBuilder sets the stage for more housing inequality

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