Australia’s detached home builders will go into the New Year facing a fierce battle for new work after clearing their decks of HomeBuilder and other incentive-driven projects, and as higher costs push down the pipeline of new orders to its lowest in more than a decade.
After 12 months in which ASX-listed Simonds Group and Tamawood, foreign-owned players such as Henley and Rawson and privately owned NEX Building Group and Burbank posted a mixed bag of results, the lowest commencement tally since FY2013 would test builders, the Housing Industry Association said.
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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
