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HomeBuilder, regional demand push approvals to record high

Michael Bleby
Michael BlebyDeputy property editor

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Australia’s love affair with suburban houses deepened in December, with planning approvals for new detached homes jumping almost 15 per cent to a record high as buyers rushed to take advantage of the federal government’s HomeBuilder stimulus payments.

Driven by demand for the $25,000 payment ahead of its reduction to $15,000 after December 31, applications for new detached houses rose at their fastest pace in almost 20 years – since April 2001 – to their highest-ever monthly total of 13,785, ABS figures on Wednesday showed.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

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