“Changes to the Australian Government’s First Home Loan Deposit Scheme, applying exclusively to those purchasing a new home or apartment, will support jobs in the residential building industry,” said Graham Wolfe, Managing Director, Housing Industry Association.
The WA Government will give more Western Australians the opportunity to access the highly successful Building Bonus program, by giving homebuilders more time to commence site works to qualify for the $20,000 grant.
Road safety and regional jobs in south-central Western Australia will get a boost, with Highway Construction named as the preferred proponent to upgrade the Coolgardie-Esperance Highway.
Construction is now underway on Stage 1 of the much anticipated Bussell Highway dual carriageway in the state’s South West.
NSW’s peak local government body has reiterated the vital importance of State contracts that pay for local NSW council trained professionals to perform road maintenance on State roads after the NSW Government sought expressions of interest from private sector operators.
The Bunbury Outer Ring Road project is a step closer with the major construction contract signed, unlocking thousands of local jobs and economic benefits.
The Australian Constructors Association (ACA) has launched a ground-breaking Australian Construction Industry Charter to spearhead much-needed industry reform to help ensure stimulus projects are delivered efficiently and their benefits shared and maximised.
“The short-term stimulus from HomeBuilder is emerging in the housing finance data released by the ABS today (October 9 2020). This is particularly evident in the issuing of loans for the construction of new homes and in lending to first home buyers,” stated HIA’s Chief Economist, Tim Reardon.
The Budget will boost confidence in the building and construction sector, protect the viability of thousands of building and construction businesses and save the jobs of the more than one million people that they employ.
The Green Building Council of Australia (GBCA) welcomed the 2020 Federal Budget saying that it invests decisively in the recovery challenge but could be leveraged further to drive stronger sustainability outcomes.