More Australians Building As Rates Fall

If you’ve been waiting for better conditions to build, they may finally be here.

Buyer confidence is lifting strongly after recent rate cuts, with more Australians choosing to build new homes rather than buy established ones.

The Housing Industry Association reported a 25.9% jump in new home sales in September – the biggest monthly increase in four years – and a 4.0% quarterly rise, the strongest since 2022.

Lower borrowing costs, strong population growth and the removal of lenders mortgage insurance (LMI) for eligible first home buyers are all helping drive demand.

Building can offer cost and design flexibility, but it also brings unique challenges — like progress payments, shifting timelines and builder variations that can affect your cash flow.

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