According to a recent HIA report New Home Sales reached remarkable heights in December, nearly doubling compared to the number of sales recorded in November and Cavalier Homes was right in the thick of the activity!
The recent HIA New Home Sales report showed December was the second strongest month of New Home Sales in the 20 year history of the survey, only exceeded by March 2001.
This was demonstrated clearly across many of our franchisees with established regional players such Albury/Wodonga Goulburn Valley & Bendigo regions seeing tremendous growth.
According to our Franchise Manager Lachlan Olsen the surge in sales can be attributed to $25,000 HomeBuilder grant, with some states such as Tasmania offering up additional grants up to a further $20,000 and given the grant has been extended we will see continued growth across all our Cavalier Homes franchise regions.
The HIA report showed new Home Sales up by 32.5 per cent compared to 2019. This is an exceptional result given the nature of the pandemic and the effect that it has had on the broader economy.
Low interest rates, improved lending assessment and growth in the price of established homes will also support demand for new homes in 2021.
Across the country, new home sales in the December quarter were higher in all regions when compared with the same period in 2019: South Australia (188.3 per cent), Victoria (103.1 per cent), Queensland (99.9 per cent), Western Australia (99.2 per cent), and New South Wales (61.7 per cent).
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