NT News

Metricon tops list of biggest builders

- GIUSEPPE TAURIELLO

AUSTRALIA’S largest home builders have increased their dominance of the housing market amid record levels of constructi­on.

According to the annual HIA-Colorbond Steel Housing 100 report, the country’s top 100 builders accounted for 80 per cent of new detached homes in the 12 months to June, up from 68 per cent in the previous year.

The report ranks Australia’s largest 100 residentia­l builders based on the number of homes commenced each year.

Metricon was ranked as the largest home builder for the

sixth consecutiv­e year, reporting a 34 per cent increase in starts to 6052.

Dale Alcock’s ABN Group became the country’s second largest home builder after reporting a 65 per cent increase in housing starts to 5345, while another Perth-based company, BGC Housing Group, jumped from seventh to fourth position with 4205 starts, up 80 per cent.

Hutchinson Builders, which focuses on apartment constructi­on, slipped from second to fifth, and was the only builder in the top 20 to report a decline in dwelling starts.

HIA chief economist Tim Reardon said apartment builders were hit by the loss of overseas migration and the flow-on effect on the apartment market in Australia.

According to the report, the number of new units developed by the top 100 builders fell by 20.7 per cent in 2020-21.

“We are seeing a record number of detached homes commence constructi­on while at the same time, apartment constructi­on is in the midst of a significan­t slump,” Mr Reardon said. The country’s top 100 home builders increased their volume of new housing starts by 27 per cent, or 18,758 homes, in the year to June, while their revenue was up 31.4 per cent to $31.7bn.

Metricon CEO Mario Biasin said the industry had been forced to overcome lockdowns and materials shortages to meet soaring demand.

“The federal government’s HomeBuilde­r scheme, lower interest rates, and increased consumer desire to live in new homes ... have facilitate­d a huge surge in demand for new detached homes,” he said.

 ?? ?? Dale Alcock
Dale Alcock

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