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.
“The announcement by the Treasurer of an extension of the Instant asset write-off for businesses with turnover of less than $500 million is a sensible forward-looking measure,” Innes Willox, the Chief Executive of the national employer association Ai Group, said.
“Building approvals data released today (June 3 2020) by the ABS relates to projects lodged with local councils well before the impact of COVID 19 conditions,” stated HIA Chief Economist, Tim Reardon.