![](\"https:\/\/fmsto.blob.core.windows.net\/cms\/images\/055\/0004_637715171074193908.jpg\")
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Demand for detached dwellings remained strong six months after the HomeBuilder stimulus ended in March.<\/p>\n
Figures from the Australian Bureau of Statistics show that approvals for detached homes over the three months to September increased by 15.5% from the same quarter last year.<\/p>\n
Housing Industry Association (HIA) economist Tim Devitt said the quarterly gains in detached dwelling approval indicate a healthy pipeline of on-the-ground home building work to the end of next year.<\/p>\n
\u201cLeading indicators, including HIA\u2019s New Home Sales data, suggest that the detached market remains robust despite lockdowns,” he said.<\/p>\n
In fact, sales during the same quarter \u2014 while not as strong as they were last year when HomeBuilder demand was at its peak \u2014 were still 7.4% higher than in 2019.<\/p>\n
“These sales will flow through to approvals data in the coming months and will continue to create employment opportunities into the second half of 2022,” Mr Devitt said.<\/p>\n
Improving trend for apartments<\/strong><\/h2>\nApartment approvals also strengthened during the period, up by 34.3% from last year.<\/p>\n
Mr Devitt said approvals for apartments have been increasing since last year, led by New South Wales and, to a lesser extent, Queensland, and Western Australia.<\/p>\n
“This suggests investors are looking through the haze of the pandemic to a brighter outlook on the other side,” he said.<\/p>\n
Furthermore, there has also been increased activity in medium density housing, which could suggest that this market is also benefitting from the shift in preferences towards lower density housing.<\/p>\n
The price gains in the detached housing segment may also be adding to the popularity of medium-density homes.<\/p>\n
“With Australians spending more time at home and accumulating a significant amount of savings, an increase in demand for larger living spaces is unsurprising,\u201d Mr Devitt said.<\/p>\n
\u2014<\/p>\n
Photo by Harmen Jelle van Mourik on Unsplash.<\/p>\n<\/p><\/div>\n
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\n Top Suburbs :
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\n
\n north epping<\/a>
\n
\n ,
\n
\n upper kedron<\/a>
\n
\n ,
\n
\n reservoir<\/a>
\n
\n ,
\n
\n dulwich hill<\/a>
\n
\n ,
\n
\n millner<\/a>
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\n Get help with your investment property<\/h3>\n
Do you need help finding the right loan for your investment?<\/strong><\/p>\n When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.<\/p>\n Just fill in a few details below and we’ll then arrange for a local mortgage broker\u00a0to contact you and work out what features or types of loans are right for your needs. We’ll even help with the paperwork. Plus an\u00a0appointment is free.<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n <\/p>\n
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