A Budget that will boost builders and tradies

Prior to the Budget Master Builders had lobbied hard for measures to tackle the multiple factors that are driving up house prices.

The Government's Housing Affordability Package outlined in the Budget delivered on a number of fronts, in particular initiatives to pare back the hidden costs and red tape that are embedded in the cost of 'shovel ready' land for housing developments. 

For the first time Master Builders delivered its response to the Budget to its members, the industry and the community via a live Facebook stream from Parliament House with National CEO Denita Wawn interviewed live. 

Treasurer of Master Builders Australia and Managing Director of Manteena Construction, Simon Butt was also provided a grassroots industry response to measures that included: 

A $1 billion National Housing Infrastructure Facility to help local councils fund urban infrastructure such as local roads, water and sewage infrastructure. 

$30 billion in transport infrastructure investment over 4 years. 

Financial incentives to state governments to meet housing supply targets. 

Accelerated depreciation for assets of less that $20,000 and extended to businesses turning over $10 million. 

A key platform of Master Builders pre-Budget advocacy on housing affordability were grass roots housing affordability road shows that spoke with residential builders who are at the 'coalface' to better understand the factors that are pushing home ownership out of reach of many Australians. In particular the conumdrum that the real cost of building a home has remained stable for more than 50 years while house prices have nealy quadrupled. 

Leaders and members of state and territory Master Builders Associations provide some of the explanation . 

 

Shaun Schmitke

National Director, Industrial Relations

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