Coronavirus renovation package welcomed by building industry — if it avoids a repeat of the pink batts 'cowboys'

  • 📰 abcnews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 83%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A proposed coronavirus cash grant for home renovations is being largely welcomed by the building industry, but some are warning the government to proceed with caution.

A proposed coronavirus cash grant for home renovations has been largely welcomed by the building industry, but some are warning the government to proceed with caution.The Federal Government is considering cash grants for renovations to boost building industrySome in the industry fear a repeat of the "pink batts" fiasco if precautions aren't taken

The Prime Minister has confirmed a home renovation scheme is being considered as part of a building industry stimulus package to be announced soon. "And the more restrictions you put on grants the less likely you'll have a broader capacity to increase the job opportunities.""I hope when it does come out, we don't lose site of the bigger picture," she said.

The projections are particularly grim for the housing sector, which is why Federal and State governments are also looking at extending an existing first homeowners grant to include all owners of new buildings.

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:

 /  🏆 5. in NG
 

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

Great incentive......strangely the $40k subsidy could increase the price of houses 10% meaning they could rise 70K in no time at all......may be better only have the subsidy for twelve months, then back to normal, like a blood transfusion.

The pink batt cowboys didn’t use pink batts, they used aluminium foil sheeting. And after charging a fortune, sometimes stapled it to a live cable.

Cowboys let loose in the name of 'less red tape' will kill more apprentices than pinkbatts or corona ever did. No coincidence the four deaths occurred in less regulated states.

There are plenty of 'cowboys' still in the building industry.

You misspelled Kevin Rudd.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines