Mickleham tops the list of construction hotspots

According to HIA economist Angela Lillicrap, “Mickleham – Yuroke has been a regular in the National Top 20 Building Hotspots list over the past couple of years, along with second on the list, Rockbank – Mount Cottrell.”

“Australia’s population growth has been constrained due to closed borders. COVID-19 has also seen consumer preferences shift away from inner-city apartment-style living to detached housing in regional areas.” 

As a result, Ms Lillicrap said that HIA expects to see more and more regional areas make the cut when it comes to future reports. 

HIA’s most recent Population & Residential Building Hotspots Report found that 11 of the top 20 hotspots – areas where the population rate is increasing faster than the national average and over $150 million in residential construction has been approved over the last 12 months – were located in Victoria. 

NSW managed to secure five slots, while South-East Queensland came away with three. Meanwhile, the ACT suburb of Greenway held the final spot.

A full list of HIA’s top 20 hotspots is as follows:

1. Mickleham, Vic
2. Rockbank, Vic
3. Riverstone, NSW
4. Wollert, Vic
5. Cranbourne South, Vic
6. Cobbitty, NSW
7. Werribee, Vic
8. Rouse Hill, NSW
9. Cranbourne East, Vic
10. Wolffdene, Qld
11. Springfield Lakes, Qld
12. Ingleburn, NSW
13. Melton South, Vic
14. Australia, NSW
15. Greenway, ACT
16. Truganina, Vic
17. Grovedale, Vic
18. Alfredton, Vic
19. Tareneit, Vic
20. West End, Qld

Recent data from the ABS found that monthly detached building approvals in Australia hit record highs for the third month in a row in April 2021.

The federal government took credit for the result.

Minister for Housing Michael Sukkar said, “This near-record set of numbers is further proof that the Morrison government’s plan for housing is working and underpinning Australia’s economic recovery.” 

Tags:

• Latest

Share