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Real Estate & Business

25 April, 2021

Grant extension welcome

A leading Mackay home builder has welcomed the 19-month extension of the home builders’ Grant

Fergus Builders Sales Manager Amanda Wilson said this really giving builders the breathing space to complete get the homes under construction,” Mrs Wilson said.

“Mackay home-owners already had the homes signed-up prior to the grant being finalised.”

Federal Assistant Treasurer and Minister for Housing, Michael Sukkar announced on April 17 that Australia’s Home Builder grant was extended by 18-months.

Housing Industry Association (HIA) Managing Director, Graham Wolfe said this is good news for the housing industry, for the economy and for potential homeowners.

“Home builder had an immediate impact from the day it was announced and the uptake of Home Builder has created a lifeline of work for tradies,” Mr Wolfe said.

“It has also supported tens of thousands of first-time home buyers achieve their dream of owning a home.

“Jobs that were disappearing early last year were reinstated, as the pipeline of work from sales, design and client engagement through to construction expanded.

“This announcement has streamlined the delivery of more than 120,000 homes and renovations, which are now taking advantage of the grant.

“Latest ABS data shows that house commencements surged by 27 percent in the final quarter of 2020 to their highest level since March 2000.”

Mr Wolfe said Housing Industry Association Members have also been impacted by global supply and labour constraints.

“Builders and their clients have also been juggling delays in finance approvals, planning and building approvals and land title.

“Home-Builder has stimulated the economy and jobs retained.

“Confidence has been supported which has retained created new jobs throughout Australia.

Today’s announcement to extend the start time by a further 12 months reflects the Federal Government’s commitment to support builders,

“It has injected confidence in the housing industry for builders, trade contractors, manufacturers, suppliers and into the retail sector, at a time when hundreds of thousands of jobs were at risk.”

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