House builders say construction workers are at risk of further unemployment in the short term, because any further delays in the HomeBuilder plan may force developers to suspend housing projects.
The Ministry of Finance stated that as of June 29, 36,103 people had registered interest in the plan. Victoria accounts for the majority of interested buyers, of whom 10,248 have registered for the grant. State governments complained that they did not consult with them before the federal government announced the plan, so they now take some time to process and design. Mr. Lynch said that delaying the implementation of the plan will not benefit the real estate industry.
He said: “In the short term, businesses and construction workers will lose their jobs. However, once the program starts, because everyone will be building, this may lead to staff shortages and increased costs.” He said that states should immediately open the Plan the application to avoid these negative consequences. It would be ideal if the state and federal governments could resolve this problem by next week. “
