THE PROPERTY COUNCIL’S SEVEN POINT PLAN FOR ECONOMIC RECOVERY
The Property Council have provided a Seven-Point Plan to the National Cabinet to spark growth, create jobs and generate investment across Australia.
The property industry is Australia’s biggest industry and largest employer, accounting for 13 percent of Australia’s GDP and providing 1.4 million jobs. The plan outlines how Australia’s property industry can continue to contribute to our post COVID-19 economic recovery.
Since the Seven-Point Plan was released, the Property Council has fielded numerous inquiries about the “New Home Boost”, one of the key measures the plan proposes to kickstart housing construction.
The New Home Boost proposal advocates for the Federal Government to allocate $50,000 grants to those purchasing newly constructed dwellings. This is to stimulate the construction of 50,000 new homes and create over 200,000 jobs.
At this stage, the New Home Boost is only a proposal and it is the Federal Government’s decision as to if and how it is implemented. The Property Council continues to advocate strongly for this much needed stimulus measure, if you would like to add your voice to the proposal please write the Federal Treasurer or Federal Parliament.
To view the full detail of the Property Council’s Seven-Point Plan, please click here.