Queenslanders are part of a national boom in home building, with the latest HIA Housing 100 report highlighting the country’s largest residential builders and the homes they’ve delivered over the past year.
“Metricon Homes has cemented its place in history as Australia’s number one home builder for the tenth year in a row,” stated HIA Chief Economist, Tim Reardon, at the launch of the HIA Housing 100 2024/25, sponsored by Colorbond® steel.
The report ranks Australia’s 100 largest builders based on the number of homes commenced each year. Metricon reported 4,015 new home starts across four states in 2024/25, securing its leadership once again. “This remarkable achievement marks a decade of consistent performance at the top of the industry and reflects the scale, adaptability and enduring nature of Metricon,” Mr Reardon said.
Following Metricon, ABN Group delivered 3,530 homes, strengthening its presence across Western Australia and Victoria, while Meriton Apartments ranked third with 3,029 homes, signalling the gradual re-emergence of multi-unit construction in Sydney and Queensland.
Together, the Housing 100 builders delivered 64,407 homes nationwide, up 11 per cent from 58,011 the previous year. Nearly two-thirds of businesses on the list increased their activity, with 14 new entrants joining the rankings.
Key findings include a 4.5 per cent rise in detached homes to 46,944 starts, semi-detached homes up 24 per cent to 6,443, and multi-units surging nearly 40 per cent to 11,020 starts. The Housing 100 accounted for 36 per cent of the new home market, slightly down from 38 per cent in 2023/24.
“The achievements of the Housing 100 are cause for optimism. This year saw more homes built, more builders expanding their activity, and growth across detached, semi-detached and multi-unit segments. These results reinforce that Australia’s largest builders are ready to lead the next phase of housing growth,” added Mr Reardon.
Queensland contributed 13,951 starts, representing 22 per cent of Housing 100 activity, on par with New South Wales. State results highlighted diverse trends: Victoria led with 20,192 starts, Western Australia builders captured 46 per cent of their state’s market, and South Australia accounted for 5,349 starts.
“With interest rates easing, population growth strong and construction costs stabilising, the outlook for home building is positive. Detached starts are forecast to lift steadily to a 2027 peak, while multi-unit commencements are set for an even stronger recovery.
“Australia’s largest builders have shown once again that they are resilient, capable, and ready to deliver the homes our growing population needs,” Mr Reardon concluded.
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