Master Builders have engaged Ernst & Young to undertake modelling of five scenarios for Government stimulus focused on residential and commercial building, especially the small to medium sized business that make up 98% of the building and construction industry.
In NSW EY's modelling shows that the Master Builders stimulus package would support:
- The creation of over 33,350 jobs right across the New South Wales labour market
- A lift to the New South Wales' economy valued at $9.91 billion
- An expansion in construction activity worth $5.58 billion
Master Builders will continue to lobby the NSW and Federal Governments to keep the building industry open and keep over 120,000 building industry business operating.