Research / UDIA National: Helping Australia Bounce Back – A Plan for Economic Revival

UDIA National: Helping Australia Bounce Back – A Plan for Economic Revival

A $4.5B housing stimulus fund that prompts homebuyers back into the market and a surge of housing and infrastructure construction serves as the centerpiece of a new plan from UDIA National to support the industry and Australia’s economic revival.

UDIA National today launched the economic revival plan to stimulate economic growth, jobs and wages by boosting housing construction following the economic effects of COVID-19.

The plan positions the industry as central to the nation’s economic prosperity and outlines a series of immediate steps for federal and state governments to take.

UDIA National is sending the plan and engaging with federal policymakers in a fresh push that complements the excellent work already being advanced at a state level.

“With the right mix of targeted incentives, regulatory reform and collaborative action by federal and state governments, the industry is key to super-charging the nation’s economic recovery,” said UDIA National President Simon Basheer.

“Now is the time to move from the trajectory of economic stabilisation to one of economic recovery with immediate federally led stimulus to re-kick start the housing market for the bounce back in jobs and economic activity.”

The main initiatives are:

These initiatives sit alongside a suite of other actions that the Commonwealth and States can advance in partnership to reduce taxes, cut red tape, re-engage foreign capital and lower the cost of housing.

Download a copy of the full plan.

Download a copy of the media release.

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