A package to boost residential construction is in the works as government estimates predict a reduction of up to 50 per cent in the housing industry due to COVID-19. Sky News Political Editor Andrew Clennell said there are concerns the housing market could find itself in short supply in a few years if construction does not continue through the crisis. “Government estimates put the decline in that industry at between 30-50 per cent without government intervention in this crisis,” he said.
“Apart from the massive economic problem that would create, if we do not keep the supply going, there will be a shortage of housing in a couple of years and massive problems with house prices and housing affordability again.” “Not being ruled in or ruled out is the prospect of new homeowner grants, a grant to assist you to buy a new home. This exists in some states for first homeowners at the moment but could be expanded.
aclennell No point working when Govt lets the Banks lie in court to steal the property & everything you work for- I'll let Govt pay for my welfare income & Govt supplied housing- This is how the Banks offload the cost of their crimes onto society & the Govt permits this FRAUD
aclennell Good social policy.
aclennell I’m a first home buyer even with a 50k boost you’re still looking at 400-450k loan if prices remain where they are. And there’s no guarantee that the ass won’t drop out of the market in a few years when it all falls in a hole. Leaving someone like me in big debt negative equity👎🏻
aclennell No it's not because of Covid-19, it's because of the Fascist Government shutting down the Economy How dumb are people?
aclennell Call it the CCPVIRUS....go ahead...i dare ya.
aclennell Yep let’s load young people up with massive debts. Gotta keep the debt driven property Ponzi scheme going. At least we know there is no such thing as free markets anymore.