The Real Estate Institute of Australia expressed caution over the Prime Minister’s announcement, the Treasurer and the Minister for Housing are working on a plan to support the residential building sector.
“New home building at record levels has been a crucial support to economic growth over the previous three years. It stands to reason that in these unprecedented times Government should consider a stimulus to dwelling construction boosting expected low levels of employment and address growth in the Australian economy”, said REIA President Adrian Kelly.
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