Housing sector, Electrical Trades Union hit out at Queensland budget


From The Brisbane Times

 

The decision to slash Queensland's First Home Owners Grant scheme in the state budget was bluntly rejected as a real mistake by Queensland’s two senior housing sector bodies.

The budget also came under fire from the Electrical Trades Union, which said Queensland jobs have not been prioritised.

Both the Housing Industry Association and the Master Builders Association of Queensland seriously questioned the decision to reduce the grant from $20,000 to $15,000.

Potential home owners apply for the grant to raise the money they need for a deposit on a new home, townhouse or unit, if it is valued at less than $750,000.

Warwick Temby from the Housing Industry Association said the decision was a slap in the face for housing affordability.

 

Read the full article at https://www.brisbanetimes.com.au/national/queensland/housing-sector-electrical-trades-union-hit-out-at-queensland-budget-20180612-p4zl26.html

 

 

Sharon Taylor
Senior Research Analyst - Performance Property Advisory

Sharon heads up the research division at Performance Property Advisory. As part of our ongoing service to clients, Sharon provides contemporary advice in a range of areas, including growth suburbs and regions, demographics and employment rates, proposed infrastructure developments and other aspects that will contribute to a positive return on their investment.