Pete Wargent blogspot


'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Wednesday, 19 January 2022

HomeBuilder boost works through

HomeBuilder hits the mark

There were many, many sceptics about the government's HomeBuilder boost. 

How it started...

How it's going...

Clearly detached house building has really taken off, and all around the country, in response to the stimulus, possibly adding around 50,000 homes which wouldn't otherwise have been built. 

Unit construction has been far steadier through this cycle.

Melbourne's unit market is in a bit of a hole still - at least in part due to migrants heading to Noosa and the Gold Coast - but things are looking up in Sydney and south-east Queensland.  

Dwelling commencements for both houses and units both fell sharply by 16.3 per cent in the September quarter, mainly due to shutdowns and related disruptions.