Metricon celebrates a decade at number one
“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 today’s launch of the HIA Housing 100 2024/25 sponsored by Colorbond® steel.
The Report ranks Australia’s largest 100 residential builders based on the number of homes commenced each year.
“Metricon reported 4,015 new home starts across four states in 2024/25, once again securing its leadership position. 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.
“In second place, ABN Group delivered 3,530 homes, consolidating its strength across Western Australia and Victoria. Meriton Apartments ranked third with 3,029 homes, underlining the gradual re-emergence of multi-unit construction in Sydney and Queensland.”
Together, the Housing 100 builders delivered 64,407 homes in 2024/25, up 11 per cent from last year’s 58,011. Nearly two-thirds of businesses on the list increased their activity, and 14 new entrants joined the rankings.
Key findings from the 2024/25 Housing 100 include:
Detached homes rose by 4.5 per cent to 46,944 starts.
Semi-detached homes increased by 24 per cent to 6,443 starts.
Multi-units surged by 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.
State results reveal a diverse picture:
Victoria led the way with 20,192 starts, 31 per cent of Housing 100 activity.
New South Wales recorded 14,295 starts, equal to 22 per cent of the list’s output.
Queensland also contributed 22 per cent, with 13,951 starts.
Western Australia builders delivered 9,903 starts, accounting for 46 per cent of the state’s total – the highest market share nationally.
South Australia recorded 5,349 starts, 40 per cent of the state’s total.
“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,” concluded Mr Reardon.
