Builders in Queensland have defied the doomsdayers and recorded strong growth in the first half of the financial year.

Australian Construction Data’s The Top 25 Queensland Building Half Time Report shows Metricon at the top of the table with 751 builds underway – and on track to more than double its output for the full financial year.

Metricon CEO Brad Duggan said the company’s strong performance has been fuelled by our focus on affordability, sustainability and innovation. 

“We’ve worked hard to create designs that cater to diverse lifestyles and budgets while integrating sustainable features,” Mr Duggan said.

“By constantly innovating, we’ve been able to deliver homes that are not only cost-effective but also reflect the aspirations of Australian families.”

“None of this would be possible without the tireless efforts of our team and our strong partnerships across the industry, that ensure we can deliver quality at scale.”

Metricon was followed by Coral Homes with 487 builds, Plantation Homes with 392, with Ausbuild and Brighton Homes rounding out the top five.

CEO of Brighton Homes Brad Collins welcomed being towards the top of the list.

“The State Government’s decision to increase the first home buyer grant did provide us a catalyst for increased inquiry and eventually sales.”

Of course, volume is not the only metric of success in the building industry.

The General Manager of Sales and Marketing for prominent Queensland builder Hallmark Homes Izaac Mathieson was comfortable with the company finishing ninth on the list.

“Unlike others driven by volumes or contract values, we prioritise what truly matters: the customer experience.

“By capping the number of builds we take on, we ensure every project receives the attention it deserves.”

Sustaining the surge

Metricon was also the seventh fastest growing building company in the state with the company expected to more than double its builds by the end of the financial year when compared to 2023/24.

Duggan said managing the surge required a clear plan and a solutions-driven mindset. 

“While these numbers are significant, they’re not unprecedented for us in Queensland—we’ve successfully delivered at this scale before, Duggan said.

“We’ve streamlined processes and leveraged smart design to build efficiently while reducing costs and minimising our environmental impact.” 

The company has also secured a Queensland Government contract for 483 social and affordable homes in 4 estates in SEQ through their EveryOne Division, to be fully delivered by FY 2027.

Confident about second half of FY

Builders are quietly confident about the last six months of this financial year with predictions of an interest rate cut giving hope the momentum will continue.

Metricon’s Duggan said he expects a boost in market confidence, which will help more Australians take the step toward homeownership. 

“We are also hopeful the federal election may influence policies that benefit first-home buyers and families looking to upgrade.” 

Brighton Homes’s Brad Collins said the forecast cut in interest rates in the second half of the year will create opportunity, but that will be offset by limited land availability.

 “If more land can be brought to market quicker, that will certainly help with growth. We are also working closely with developers to secure land to grow our spec home program.”

Author: The Good Builder

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