Federal government 'looking to hold up' construction industry amid COVID-19 | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Population Minister AlanTudgeMP says the government is investigating “what we can do to really hold up” the construction industry in Australia as the economic ramifications of the coronavirus pandemic continue to be felt.

Population Minister Alan Tudge says the government is investigating “what we can do to really hold up” the construction industry in Australia as the economic ramifications of the coronavirus pandemic continue to be felt. Mr Tudge said the government is “looking at seeing if we can stimulate the residential construction sector” within the nation. “The construction sector as a whole is, about 1.3 million jobs, it’s a massive part of the economy,” Mr Tudge told Sky News host Chris Kenny.

Sky News revealed on Sunday the government will introduce new homeowner grant to encourage the construction of new homes, with the Australian revealing today the program will be available for renovations. The scheme will allow people buying newly constructed homes or renovating their existing home to access between five to ten thousand dollars. The payment threshold is expected to be on homes worth $500,000 to $800,000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

AlanTudgeMP It's not that hard, bring the cost of living down and don't allow the population to increase through immigration intake until the unemployment rate is 0%.

AlanTudgeMP

AlanTudgeMP ONE MILLION JOBS We could generate If we were not being ruled by Fossil Fools Auspol

AlanTudgeMP if you want stagflation this is what gets you stagflation

AlanTudgeMP Cancel WHTBL, fix Spit Bridge, fast track Northern Beaches Metro loop (North Syd- Mosman-Manly -DeeWhy- Chatswood), plan & build (3) new integrated residential /commercial hubs plus 10 X new Metro Train stations/zones, new parks,etc. Plan for 1-2m more people. GladysB

AlanTudgeMP Are these idiots or psychopaths finally realising we are economically strangled due to past & present political policy & how they deliberately destroyed our capability using trade agreements to destroy us ignoring our Constitutional Laws? I say swim in it they built the swamp!

AlanTudgeMP Another me to Dan Andrews,Morrison cant think for himself, the great prentender

AlanTudgeMP BUILD HOUSING...helps ppl need housing and helps create work~JOBS ...everyone wins.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines