Melbourne-headquartered Metricon Homes says sturdy progress in its Queensland operations helped preserve its place because the nation’s top homebuilder for the sixth consecutive yr.
Melbourne-headquartered Metricon says sturdy progress in its Queensland operations helped preserve its place because the nation’s top homebuilder for the sixth consecutive yr.
Metricon began development on 6,052 houses in 2020-21 to position it as soon as once more on the top of the Housing Industry Association- Colorbond Steel Housing 100.
Operating throughout Victoria, Queensland, New South Wales and South Australia, 5,820 of these begins had been indifferent homes, whereas 232 had been semi-detached dwellings.
Growth within the Sunshine State was significantly sturdy, with Metricon’s begins up 95 per cent yr on yr, rising from 604 in 2019-20 to 1,177 in 2020-21.
Overall, Metricon’s constructing actions had been up 33 per cent yr on yr.
Metricon chief govt Mario Biasin acknowledged his firm’s lucky place in an financial local weather that had been difficult for a lot of others.
“Despite lockdowns, materials shortages and construction pauses, 6,052 Australians have still chosen Metricon to build their new home across the last year and we feel humbled by their support,” Mr Biasin stated.
“The federal government’s HomeBuilder scheme, lower interest rates and increased consumer desire to live in new homes, many away from high-density areas, have facilitated a huge surge in demand for new detached homes.”
Mr Biasin stated Metricon would proceed to focus on growing its market share amongst Australia’s builders, even with the continued challenges of the pandemic.
“We have learned so much along the way about managing COVID-19 lockdowns and have extensive safety procedures in place to keep working safely and efficiently,” he stated.
“We agree with the state and federal governments that vaccination is the most pragmatic pathway to a life out of lockdown, consistent business operations and keeping our employees, tradies and customers safe.”
Perth-headquartered ABN Group was the second-most lively builder in 2020-21, the HIA stated, notching up 5,345 begins in Western Australia and Victoria.
Rounding out the top three was NSW-based MJH Group with 4,548 begins.
WA’s BGC was fourth-ranked in Australia at 4,205 begins, because it moved up from seventh place in 2019-20, whereas Brisbane-based Hutchies got here in fifth with 3,015 begins.
HIA chief economist Tim Reardon described the previous 12 months of homebuilding as “remarkable”, with the quantity of new begins up 27 per cent yr on yr.
“We are seeing a record number of detached homes commence construction while at the same time, apartment construction is in the midst of a significant slump,” Mr Reardon stated.
“The majority of builders elevated their quantity of dwelling begins in 2020-21 in comparison with the earlier yr.
“Those that didn’t were more likely to be in the multi-unit market.”
Mr Reardon stated it was not stunning that indifferent residence builders dominated the listing in 2020-21, given the continued purchaser shift away from huge multi-residential developments.
Apartments specialist Hutchies ranked because the fifth most lively builder general with 3,015 begins, with solely three multi-residential builders ranking within the top 20.
“The loss of overseas migration last year hit the apartment market almost immediately,” Mr Reardon stated.
“Overseas college students, vacationers and migrants usually keep in multi-unit dwellings once they first arrive within the nation.
“This trend was exacerbated by the shift in consumer preferences towards lower density housing.”
Mr Reardon stated the top 100 builders elevated their share of the Australian market from 40 per cent to 44 per cent in 2020-21, suggesting that bigger builders had been in a position to develop their capability to construct sooner than their smaller counterparts.
The top 100 builders accounted for 80 per cent of the indifferent houses inbuilt Australia in 2020-21, with income earned from residence development rising 31.4 per cent to $31.7 billion.