The success of the Federal Government’s HomeBuilder grants program demonstrates the power of residential construction in supporting jobs and driving economic activity.
The Victorian Government is ensuring new career opportunities for forty women who will soon begin training as municipal building surveyors thanks to funding from the Victorian Budget 2020/21.
“ABS Building Approvals data for detached houses rose for the fifth consecutive month in November to reach the highest number of approvals since December 1999,” stated HIA Economist, Angela Lillicrap.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) improved by a further 7.5 points to 52.7 in October 2020, with the return to mild expansion driven by housing construction (readings above 50 indicate expansion in activity, with higher results indicating…
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.
“The full impact of HomeBuilder is now evident in the HIA’s New Home Sales Report with sales now 11.8 per cent higher in the seven months since restrictions came into effect than at the same time last year (2019),” commented HIA Chief Economist, Tim Reardon.
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…
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.