Why Now is the Ideal Time to Build in Canberra

If you’re planning to build a new home in Canberra, you want to feel assured that your project will be delivered on time. Have you been considering whether now is the right time to build a home, but are feeling uncertain about wait times? You’re not alone—but let us assure you, the timing couldn’t be better. 

Over the past few years, we’ve seen the building process slow down due to several factors that have had a combined impact on the building industry here in Canberra and across the country. However, we’ve now overcome these factors and are pleased to share that building times have immensely improved. 

 If you’d like to learn more about the current building landscape and factors that impact on our building timelines, continue reading. 

The inflated demand from the HomeBuilder Scheme has ended.  

During COVID-19, the government introduced the HomeBuilder Scheme, which was the first contributing factor to the long wait times. The scheme greatly inflated demand for building services and demand grew much larger than anticipated, resulting in increased pressure on builders as well as huge completion wait times for building projects. The scheme ended in March of 2021, which means that building demand is back to standard levels and wait times are largely back to normal.  

Supply chain issues are resolved.  

Project timelines were greatly impacted by a decrease in available supplies throughout COVID-19. A huge spike in home building meant the demand for materials needed to build them also dramatically increased. Put simply—there weren’t enough materials available to cover the large number of homes being built. As a result, material costs went up, and project timelines blew out. The impact on the supply chain was felt by builders globally, further affecting the lead times for materials. Now, with time passing and the demand returning to normal levels, we now have strong and immediate access to the materials again, meaning there are less project interruptions. 

There are less labour shortage issues. 

The HomeBuilder Scheme had a delayed start with people unable to commence projects immediately, so many employees within the building industry were left jobless. By the time the scheme eventually picked up momentum, there were no longer as many builders available to complete the sudden influx of projects. During this time, Australia also closed its borders to international travel, meaning there were fewer international employees available. This all resulted in labour shortages within the building industry, particularly when the demand for building grew. 

As demand has returned to normal and international borders have been open again for some time, this issue has been somewhat alleviated. 

Now is an ideal time to build.  

Despite the obstacles the industry and home builders have faced, the effects of a challenging few years are now lifting. We are excited to share that there are now no wait times to commence building with Blackett Homes, making this the perfect time to get in touch and make your new home dreams come true.  

So, are you ready to create a luxurious dream home here in Canberra? Send us an enquiry here and we’ll be in touch for an obligation-free chat.