Buy­ers need a boost

Cut­backs to home buyer as­sis­tance hit­ting con­struc­tion sec­tor

Daily Mercury - - NEWS - NICK WRIGHT nick.wright@dai­ly­mer­cury.com.au

BRAD Evans has been build­ing in Mackay for 25 years but cut­backs to fi­nan­cial as­sis­tance for first home buy­ers is threat­en­ing the fu­ture of his busi­ness.

With more than 100 peo­ple af­fected by his op­er­a­tion from di­rect staff to sup­pli­ers and con­trac­tors - the Gem­ini Homes di­rec­tor is con­cerned that the loss of the $5000 boost to the first home owner’s grant would place greater strain on prospec­tive home buy­ers, and in turn, the work­force as a whole.

As a busi­ness which re­lies heav­ily on first home buy­ers, Mr Evans claims the cut­back lim­its the op­por­tu­nity for their clients to have the fi­nan­cial sta­bil­ity to gain an ap­proved loan, say­ing the loss of this de­mo­graphic was hav­ing a ma­jor im­pact on his op­er­a­tions.

“With that $5000 boost taken away, it’s harder for those first home own­ers to get ap­proved for loans and ob­vi­ously build­ing can’t go ahead if they can’t get that loan,” he said.

“From our side of it, we build new homes so the more we can build the bet­ter for us.

“That (boost) be­ing taken away and mak­ing it harder for peo­ple to get into the mar­ket af­fects our busi­ness di­rectly be­cause there’s a lot less work to be done”

“The last six years have been quite dif­fi­cult to get through from a busi­ness point of view.”

Mas­ter Builder Mackay and Whit­sun­day re­gional man­ager Mal­colm Hull said that the in­dus­try’s im­por­tance was wide­spread and the im­pli­ca­tions of fewer con­struc­tions in the re­gion has a rip­ple ef­fect through­out the com­mu­nity.

"The build­ing and con­struc­tion in­dus­try is the back­bone of all re­gional economies,” Mr Hull said.

“Ev­ery per­son that works on a build­ing site, we sup­port five off that build­ing site.

“That’s from the lo­cal cof­fee shop, to the per­son sell­ing the fridges to the peo­ple sell­ing the tim­ber…there’s all of th­ese peo­ple off that build­ing site that are sup­ported by the build­ing in­dus­try it­self.”

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