'Stimulus' rather than 'subsidies', that's our message to government.
Since the start of the COVID-19 crisis, Master Builders has been advocating to keep construction open for business and for stimulus to keep activity going.
To promote our position, we commissioned Ernst & Young to cost and assess the impact of five stimulus measures that will grow residential and commercial construction activity.
One of those ideas is a $40,000 new home building grant. Ernst & Young modelling showed this would create over $3 in economic benefits for every $1 invested by government.
The five individual stimulus measures include:
- $40,000 New Home Grant
- Resilience Renovations Program
- Cladding Rectifiation, Asbestos Removal
- 10% reduction in Developer Contribtions / Infrastructure Charges
- 5% increase in institutional spending on building in health, education, etc