The Morrison Government’s 12-month extension of the HomeBuilder scheme is set to continue the positive trends of the construction sector. The Australian Performance of Construction Index (APCI) sits at 59.1 (over 50 points indicates expansion) with activity, employment and supplier orders comprising the boom after a stagnant 2020.
Engineering and house building are the main drivers of growth in construction as the original deadline for the HomeBuilder scheme was extended to allow for builders to keep up with demand. Many Aussies are now taking full advantage of the scheme as they are not facing the potential disappointment of cancellations due to capacity restraints or investment reluctance that can deter prospective investors in the property market. In general, the extension has gifted the market with peace of mind that homebuyers can still optimise their dream home and thoroughly walk through the plans with their builder without the pressure of an immediate deadline. The West Australian cited the APCI “approvals for private houses surged 15.1 per cent in February, exceeding the previous record high set in December last year”.
Naturally, employment rates have improved due to the increased demand for building new private houses and commercial construction. Ai Group head of policy Peter Burn stated “employment and new orders were both higher in April” suggesting a competitive market in which the labour is shared accordingly. With some economists forecasting a 10 per cent increase within the month in certain key drivers that characterise the construction market, one can feel optimistic that HomeBuilder scheme is going to be the foundational pillar that rebuilds Australian in a post-pandemic world.
With such positive trends comprising all drivers of the APCI, tradies and construction companies alike can feel confident about pursuing new projects in 2021 and beyond. Between the increased skill in the labour market, employment opportunities and government initiative that is available to catapult your next project, it can be easy to forget about the less obvious measures that comprise a smooth-running team. Take the high quality, tax deductible and comfortable hi-vis line from BAD Workwear. If you are a tradie who takes pride in the smaller details of your enterprise, then protecting your team with leading-edge workwear is the first step in optimising Australian’s construction recovery.
It is common knowledge on the worksite that workwear that increases desensitisation also increases the potential for injury which is a silent killer for any operations. The BAD Hi-Vis Down Puffer vest offers flexibility as well as warmth giving you a range of motion to complete each task with precision and comfort. As the HomeBuilder scheme is going to extend through the colder months, the tax-deductible nature of quality workwear should be amongst a few other reasons for upgrading your wardrobe and improving your confidence in how you operate. It is even worth looking at BAD’s Waterproof Hi-Vis soft shell jackets that are also windproof. As they retain their breathability, the 3-metre brand reflective tape makes it a choice selection for those dark mornings and as well as during the day.
Engineering and house building are the main drivers of growth in construction as the original deadline for the HomeBuilder scheme was extended to allow for builders to keep up with demand. Many Aussies are now taking full advantage of the scheme as they are not facing the potential disappointment of cancellations due to capacity restraints or investment reluctance that can deter prospective investors in the property market. In general, the extension has gifted the market with peace of mind that homebuyers can still optimise their dream home and thoroughly walk through the plans with their builder without the pressure of an immediate deadline. The West Australian cited the APCI “approvals for private houses surged 15.1 per cent in February, exceeding the previous record high set in December last year”.
Regulations to streamline the planning approvals process for people building homes using the HomeBuilder scheme have been extended until 30 September 2022.
This applies to HomeBuilder Grants submitted on or before 14 April 2021.
Learn more: https://t.co/mO8pgtdYv0 pic.twitter.com/kDgIBzh8kS — SA_AGD (@SA_AGD) May 7, 2021
Naturally, employment rates have improved due to the increased demand for building new private houses and commercial construction. Ai Group head of policy Peter Burn stated “employment and new orders were both higher in April” suggesting a competitive market in which the labour is shared accordingly. With some economists forecasting a 10 per cent increase within the month in certain key drivers that characterise the construction market, one can feel optimistic that HomeBuilder scheme is going to be the foundational pillar that rebuilds Australian in a post-pandemic world.
With such positive trends comprising all drivers of the APCI, tradies and construction companies alike can feel confident about pursuing new projects in 2021 and beyond. Between the increased skill in the labour market, employment opportunities and government initiative that is available to catapult your next project, it can be easy to forget about the less obvious measures that comprise a smooth-running team. Take the high quality, tax deductible and comfortable hi-vis line from BAD Workwear. If you are a tradie who takes pride in the smaller details of your enterprise, then protecting your team with leading-edge workwear is the first step in optimising Australian’s construction recovery.
If you haven't heard already...The Commonwealth Government has decided to extend the timeframes for commencing construction for eligible applicants under the HomeBuilder scheme by a further 12 months!https://t.co/5IjRH3acGu pic.twitter.com/Qw9oR7LxtO — DSL Law (@DslLaw) April 22, 2021
It is common knowledge on the worksite that workwear that increases desensitisation also increases the potential for injury which is a silent killer for any operations. The BAD Hi-Vis Down Puffer vest offers flexibility as well as warmth giving you a range of motion to complete each task with precision and comfort. As the HomeBuilder scheme is going to extend through the colder months, the tax-deductible nature of quality workwear should be amongst a few other reasons for upgrading your wardrobe and improving your confidence in how you operate. It is even worth looking at BAD’s Waterproof Hi-Vis soft shell jackets that are also windproof. As they retain their breathability, the 3-metre brand reflective tape makes it a choice selection for those dark mornings and as well as during the day.
