Builders welcome the boost for First Home Buyers that will be delivered by the Government’s First Home Loan Deposit Scheme which has been passed by the Parliament.
“Aspiring to home ownership is fundamental to the Australian ethos. This measure will support thousands of first home buyers realise their ambition every year and boost residential building activity and economic growth,” Denita Wawn, CEO of Master Builders Australia said.
“It will lift the confidence of residential builders who are enduring a contraction in house building activity and will support the burgeoning recovery in the housing. In particular it will add momentum to the gradual return of First Home Buyers to the market that we have witnessed in the past few months,” she said.
“Master Builders are strong and vocal supporters of this initiative as a targeted and practical step to help aspiring home owners overcome the deposit gap. It will also complement other moves by the Government to tackle housing affordability by supporting an increase in the housing supply to help keep home ownership within reach of all Australians,” Denita Wawn said.
“The reinvigoration in the roll out of city deals is welcome as are the Government’s initial efforts to fast track the construction of urban, social and transport infrastructure, including outside Sydney and Melbourne, where capacity constraints are less and bang for your buck is more,” she said.
“Master Builders will continue to be vocal in our call for governments to work together to advance infrastructure construction and to implement policies such as the First Home Loan Deposit Scheme because they will the economic growth that is essential for a stronger economy and our member’s business success,” Denita Wawn said.