Official results out this week reveal that the forward pipeline of HomeBuilder-supported work is starting to wane, however, the momentum generated by the scheme appears to have set off a new round of growth in the Victorian home renovations market.
Activity related to housing investors and higher density home building has also started to expand strongly.
Master Builders Victoria CEO Rebecca Casson said there are increasing signs that the HomeBuilder sugar hit is starting to fade with a 2 per cent drop in approvals for new detached houses in Victoria during June 2021.