Last week, we witnessed two of Australia’s main housing groups – the Property Council of Australia (PCA) and Master Builders Australia (MBA) – call for massive subsidies to stimulate new home construction.
Then, Prime Minister Scott Morrison flagged massive housing stimulus.
Now, Housing Industry Association (HIA) president Simon Norris says many prospective house buyers are holding off making a purchase decision due to expectations that they will receive a government grant. This view has been backed up by Tamawood’s executive chairman, Robert Lynch, who is “livid” that people are waiting to see if there will be cash incentives before committing to buying a home from the residential builder:
