PHOTO: Kimberley and Alastair Hills with four-week-old baby Hunter. Photo: Supplied
Buyers eyeing off the federal government’s multibillion-dollar construction package are already purchasing land in anticipation of receiving at least $20,000 assistance, industry pundits report, with inquiries in some regions tripling over the weekend.
The package, expected to be announced this week, is expected help prop up the building industry to avoid a massive economic slowdown brought on by the COVID-19 pandemic, offering grants to existing purchasers as well as first-home buyers.
The Master Builders Association recently proposed a new-home buyers’ grant of $40,000 as a way to stem the industry’s crisis, revealing traffic through show homes was down 90 per cent across the country since the start of the coronavirus crisis.
But with the news that a stimulus package announcement was imminent, the turnaround in traffic to show homes and land sales displays has been immediate, frontline sales staff say.
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