South Australia’s housing industry is bracing itself for a construction boom, with a tsunami of activity on the horizon as many take advantage of government incentives.
With over 1,000 applications received for the $25,000 HomeBuilder Grant and many more expected before the turn of the year, the SA State Government is predicting a huge flurry of construction over the next 12 months.
Treasurer Rob Lucas praised the HomeBuilder program and said that the surge in activity is a sign of growing confidence in the state’s economy and is music to the ears of South Australian tradies.
“This program is going gangbusters, with a huge groundswell of interest in the grants from South Australians wanting to build a new home, or renovate an existing property,” he said.
HomeBuilder is a welcome shot in the arm for our state’s critical housing and construction sector, which supports thousands of local jobs – from carpenters, plumbers and bricklayers to electricians, architects and other suppliers.South Australian Treasurer – Rob Lucas
With 64 grants already paid out and 159 applicants receiving conditional approval, things are moving swiftly, with some builders even turning down new clients after having concerns about their ability to deliver upon a growing workload.
“We’ve had more than 1100 applications to date, grants have started going out the door and industry representatives have advised us hundreds more are expected by the end of the year,” said Mr Lucas.
“In fact, we understand some builders have chosen to stop signing new customers, reflecting their concerns about their ability to secure tradespeople,” he said.