“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.
“In a quarter that largely preceded the COVID-19 disruption, residential building activity chalked up the sixth consecutive quarterly contraction in the volume of building work done. The persistent credit squeeze throughout 2019 contributed to home building activity dropping back to levels last seen in 2014,”…
HIA has asked the Fair Work Commission to consider changes to the Building and Construction General Onsite Award that help employers and employees in the residential building industry stay connected despite the impacts of COVID-19.
Our diverse organisations together call for support for COVID economic recovery to urgently stimulate jobs and to rebuild a sustainable and strong economy.
The Property Council of Australia has welcomed the updated guidance from Safe Work Australia (SWA) on the ‘COVIDSafe’ use of lifts in office buildings.