The answer to that question could be revealed at the Sydney Home Builders Association’s conference next week.
The Association has confirmed that it has published its 2016 annual report and found that its membership has changed dramatically in recent years.
The report has found that the average homebuilder’s annual income fell to $531,000 in 2016.
That was up 9.4 per cent on the previous year, the report found.
It said it was down 8.4 cent on last year, but still more than double the rate of inflation.
“It’s a good indication that the economy is improving,” said Mark Taylor, the association’s managing director.
It said there had been a net increase in homebuyer confidence in the past 12 months, with an average increase of 10 per cent. “
We are seeing a real growth in homebuilder sentiment, which is very positive and reflects the changing landscape in the country.”
It said there had been a net increase in homebuyer confidence in the past 12 months, with an average increase of 10 per cent.
The number of new home builders has also risen, with a record 1,400 new home builds in 2016, compared with 1,150 the previous financial year.
It’s a new year, so why not celebrate?
In 2017, the ABC visited a new house that was being built by a new home builder and met some of its owners.
The building company said it had had a busy year and it was now building more homes than ever.
It is also the first company to have its building contract renewed, with its new owner saying it is a “huge boost to our business”.
Mr Taylor said the report was a good indicator of a healthy homebuilding industry, but the numbers do not tell the whole story.
“There is still a huge amount of work to do, particularly for the first-time homebuyner,” he said.
“The numbers show that the market is not where it needs to be.”
The latest data shows there were 7,700 new homes completed in the Sydney region in the second quarter of this year.
The association’s chief executive, Dr Nick Brown, said the recent growth in demand had led to more construction projects being completed in 2017.
“That’s because of a number of things, including the government’s re-regulation of the supply chain, the strong Australian dollar and the fact that many Australians are looking to buy,” Dr Brown said.
Construction was “still at a very low level in the first quarter of 2018”, Dr Brown added.
“But I’m confident that we can build a lot more homes in the next couple of years.”
The report found that in Sydney, housebuilding was up by 4 per cent compared with the previous 12 months.
This was partly due to a number a new construction projects and a strong demand for homebuilding materials in the region.
Construction in Sydney was also up by more than 9 per cent in the previous three months.
The industry was growing rapidly, with 1.5 million homes built in 2016 and 2.5.2 million completed in 2016-17.
Dr Brown says it was a strong year for the industry, as new houses were being built in significant numbers.
“As the year progresses, we will see that number increase and continue to grow,” he added.
What is the market for new home construction?
In the second half of 2018, there were more than 1.2 billion new homebuildings in the Australian capital.
That represented a 15 per cent increase from the same period in 2017-18.
That meant that the number of homes built was up 11.8 per cent from last year.
In the Sydney area, the average cost of a new Australian home was $539,000, up 6.1 per cent over the previous quarter.
In Melbourne, the price of a home was up 8.1 percent over the same time period, with the average price at $532,000.
In Brisbane, the market was also stronger than in Sydney.
The average cost for a new build in the Brisbane area was $537,000 last year and was up 12.1% from the previous two quarters.
It also saw an increase in the number and price of homes that were completed in 2018.
In Sydney, the number completed in 2021 was up 5.5 per cent year-on-year to more than 3.5 billion.
The total number of housebuildings completed was up almost 11 per cent to 2.2.9 billion.
Why is demand for homes in Sydney increasing?
Dr Brown, who was also the chief executive of the Australian Construction Council, said demand was increasing because of two factors.
“One is the new supply of materials that are coming in.
And the second is that there is a strong Australian Dollar, which helps keep prices down,” he explained.
“You have people wanting to buy properties, they want the cheapest possible price and that has increased over the past few years.”
But what about the supply of builders?