GFG has announced its updated Whyalla GREENSTEEL Transformation Plan in a major milestone for the business, as it seeks to secure the long-term future of its South Australian based steelworks.
“Building approvals in May (2020) fell by 16.4 per cent nationally as the impact of COVID-19 restrictions impeded the flow of new building projects to be undertaken”, stated HIA Economist Angela Lillicrap.
The Victorian Government has paved the way for more than $1 billion worth of job-creating building projects to get started and help kickstart the economy.
HIA welcomes the release of crucial final touches to the Federal Government’s HomeBuilder scheme. “The addition of this extra detail will clarify questions builders and home buyers have been asking since the scheme was announced on 4 June (2020),” said Kristin Brookfield, HIA Chief Executive…
“New home sales have fallen in each of the three months since the introduction of COVID-19 restrictions. This will flow through to a reduction in the volume of work on the ground in the second half of this year,” stated HIA’s Chief Economist, Tim Reardon.