Australia’s largest building industry association HIA has welcomed Treasurer Andrew Fraser’s three months extension to the $10,000 Building Boost.
HIA Queensland Executive Director Warwick Temby said “the extension of the Boost will help the home building industry to gather some momentum and build on the early signs of recovery late last year.
“The Boost had played a part in rekindling interest in building a home. Combined with the lift in affordability from lower interest rates and fierce competition among builders, the Boost has made it a great time for building a new home.
“This timely announcement will help to set the scene for a much needed lift in activity from the thirty year lows the industry experienced in 2011.
“HIA had been concerned that the Christmas and New Year break was making it difficult for builders to finalise contracts to meet the previous end January deadline. The three month extension has removed this problem for the industry.
“HIA is very pleased that the Government has been able to respond to its call for extending the operation of the Boost. The home building industry is a crucial component of the Queensland economy”, Mr Temby concluded.