From the recent Report stated that first time home buyers can each one be expecting an increase and pay an extra $61,000 on homes next year. This has been decided because of the increasing on the home builder’s insurance premiums and an increasingly unregistered industry. This figures and percentage has been recently showed first due to the extent of getting higher the costs to homeowners demanding to build homes for sale in Victoria.

According to the Consumer Affairs Victoria, a national builders' group predicted the industry faces a $3 billion cost blowout in 2010-11. The Home Builders Collective of Australia boss Phil Dwyer has given his warning to the heavily built receipt. As it will be paid by those who buy Victoria's forecast 48,720 new homes next financial year. Mr Dwyer's views are based on the CAV's 2008 report, Consumer Confidence and Market Experience Study, and a 2006 report, Consumer Detriment in Victoria: A Survey of its Nature, Costs and Implications, which illustrate the cost of home building problems leapt from $706.4 million to $1.6 billion in the two-year period.

In accordance to the report last year it has been the first time that the inquiry and question of the Upper House has recorded in order to estimate the efficiency of Victoria's compulsory Builders Warranty Insurance (BWI) scheme.

Source: Herald Sun News