New calls have asked for more funding for the building industry, which in turn ask for improvements to infrastructure and an increase in housing supply.
Off the back of the government’s call for pre-budget submissions, Master Builders Australia CEO Dentia Wawn is calling for more funding for the building industry in order to create more growth and jobs for Australia’s economy, as well as the opportunity to create more housing supply.
“A strong building industry means a strong economy,” Ms Wawn said.
“Our industry has done the heavy lifting over recent years to support the economy’s transition from the mining construction boom and is now underpinning much of the economic growth supporting the return to surplus that’s forecast for 2019–20.
“What we need now are budget measures to help our industry sustain that growth.”
One part of Master Builder’s Australia’s key priorities for the federal budget 2019 is a request for more housing and infrastructure.
Additionally, another key priority of Master Builder’s Australia is a focus on tax incentives, which includes keeping negative gearing and the capital gains tax discount.
Further priorities impacting the property market are the creation of more jobs and the boosting of vocational skills, which include a new programme and support for apprenticeship programs as well as promoting apprenticeships through a new advertising campaign.