$50 billion boost to economic activity

Master Builders Australia has praised the Federal Government’s Home Builder scheme for driving economic recovery as vaccines start to roll out and pandemic lockdowns subside. “It’s even more proof that a stronger building industry means a stronger economy,” Denita Wawn, CEO of Master Builders Australia said.

“Home Builder will support $18 billion in new home construction and $50 billion in economic activity across the wider economy. The surge in new home construction being driven by Home Builder has averted the valley of death that was confronting residential builders and tradies due to the pandemic,” she said.

“There is no doubt that the Federal Government’s decisive action to implement Home Builder in the eye of the COVID storm saved the day for thousands of small builders and tradies, the people they employ and communities they support around the country,” Denita Wawn said.

“The success of Home Builder also demonstrates that measures that support people to overcome the deposit gap is a game changer in making home ownership available to more Australians,” she said.