Original article by Simon Benson, Mackenzie Scott
The Australian – Page: 1 & 4 : 14-Jul-20
Nearly 40,000 people are believed to have registered for the federal government’s HomeBuilder grants since the scheme was launched on 4 June. Data from the Housing Industry Association shows that sales of new homes increased by 77 per cent in June; however, chief economist Tim Reardon says the data for July and August will indicate whether the surge in June was a one-off. Assistant Treasurer Michael Sukkar says HomeBuilder is working as intended, by stimulating construction and renovation activity and generating work for tradespeople.
HOUSING INDUSTRY ASSOCIATION LIMITED, AUSTRALIA. DEPT OF THE TREASURY