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VIC: New-home buyers grant to avoid a potential “fight” in the building industry

4Mo ago 0 Replies 99 Views
A $40,000 new-home buyers grant needs to be introduced within a month to avoid a potential “bloodbath” in the building industry, and save tens of thousands of Victorian jobs.

Master Builders Victoria chief executive Rebecca Casson said the state government’s $2.7 billion building blitz, announced this week, and the reopening of display homes and sales suites would help the struggling sector.
But the introduction of a new-home buyers grant would “provide a more widespread recovery”, recouping some of the “frightening” job losses.

But an Ernst & Young report commissioned by Master Builders shows a new-home buyers grant could save more than 28,000 Victorian jobs, provide a $7.2 billion lift to the wider economy, and create $4.75 billion worth of construction activity.
The modelling shows the grant could also lead to 4590 new homes being built across Victoria, providing vital support for 497 construction businesses, most of which are small family companies.

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