The Australian government is striving to avoid the collapse of the construction industry, and buyers of new housing are expected to receive a subsidy of at least A $ 20,000. The source said that the federal government is expected to announce the new plan within this week.
Although more than A $ 300 billion has been spent on the economic stimulus measures for the New Crown Outbreak, the federal government is willing to spend more money to solve this problem. “Sky News” said that Finance Minister Josh FRydenberg may announce a plan to pay a down payment for anyone who wants to buy a new house. Shadow finance minister Jim Chalmers cautiously welcomes the rumored plan, but expressed the hope to learn the details before deciding whether to support it.
Dr. Chalmers also suggested a plan to help front-line workers move to live near their work units. That is, a subsidy of 50,000 Australian dollars for each Australian who builds a new house. The proposal is expected to cost A $ 2.5 billion to build 50,000 new houses and create 200,000 new jobs. The proposed “new housing subsidy” is limited to the first 50,000 transactions and will run between July 2020 and June 2021.
