HomeBuilder scheme a ‘lifeline’ for building industry

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  • Plant & Equipment

The Federal Government’s new HomeBuilder initiative has been praised by the building and construction industry body.

The Government's new HomeBuilder scheme has been backed by Master Builders Australia
The Government's new HomeBuilder scheme has been backed by Master Builders Australia  Credit: Andrey Moisseyev / Alamy Stock Photo

Master Builders Australia CEO Denita Wawn says the new scheme – announced today by Prime Minister Scott Morrison – will be a lifeline "for an industry facing a valley of death in the coming months".

"It will mean more new homes, more small businesses and jobs are protected and provide a stronger bridge to economic recovery for our country," Wawn says.

"Based on the Government’s estimated 27,000 grants, we think the scheme will be used for $10 billion in building activity, supporting the viability of 368,000 small builders and tradies – the businesses which employ 800,000 people in communities around Australia. 

"Supporting the home building industry is essential to strengthening the economy and helping Australia recover from the impacts of the pandemic. Residential building activity gives back more than double to the communities that sustain it with every $1 invested in home building activity providing $3 to the wider economy.. 

"This means that HomeBuilder will provide a boost for thousands of tradies; the cafes, pubs, and ute dealerships that they frequent; as well as the thousands of building supply businesses that depend on the industry." 

Wawn believes the scheme is well targeted and praised the Government for listening to their calls for the HomeBuilder scheme to include grants for both home builds and renovations.

Master Builders Australia CEO Denita Wawn has praised the Federal Government's new HouseBuilder scheme
 Master Builders CEO Denita Wawn welcomes the Government’s HomeBuilder scheme. Credit: MasterBuilders Facebook

"The Government has listened to Master Builders call for HomeBuilder to include grants for both new home builds and renovations. EY modelling commissioned by Master Builders shows that this stimulus mix will deliver the best return on investment for taxpayers," she says.

"The eligibility criteria mean that the vast majority of Australians will be able to access the scheme. More than 80 per cent of households have income of $200,000 or less.

"The scheme is structured to get building activity going immediately and to provide safeguards around quality and consumer protection. Making HomeBuilder grants accessible through state and territory channels should streamline its rollout and building work must be carried out by a registered or licensed builder.

"The lag effect of building activity means that HomeBuilder comes just in time for builders and tradies staring out at a valley of death, with forward work for the next 6–12 months fast evaporating. 

"The building industry is simply too important to the economy and living standards to allow to collapse.

"It is the nation’s second largest industry, provides the most full-time jobs, trains the most apprentices and is 98 per cent made up of small businesses, Master Builders welcomes the Government’s HomeBuilder scheme."

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