Figures from the Master Builders Association of Victoria (MBAV) show improved sentiment for the months of June and July among regional builders. The data reflects June and July as record periods for first home buyer applications in Victoria.
More than 1,500 applications were made for new or newly built homes across Victoria in July, translating into thousands of hours of work for residential builders, confirmed Master Builders Association of Victoria executive director Brian Welch (pictured).
“Victoria’s regional builders are more optimistic now than six months ago. Our recent member survey found regional builders are seeing some economic green shoots coming through.”
The Building Trends survey of regional members found 46% believe business activity will pick up in the next twelve months, 40% expect it to be steady and only 13.5% expect activity to deteriorate.
Although the supersized grants will be scaled back in coming months, they have assisted the building industry during a very lean period – especially builders for first home buyers.
The State and Federal grants of up to $32,000 for metropolitan buyers and $36,500 for regional buyers are available until the end of this month, when they will be gradually scaled back.
Meanwhile, builders looking to improve their knowledge of sustainable building practices can take part in Master Builders Green Living training courses. For information, call 9411-4555 or visit: www.mbav.com.au