ONLINE BID TO KEEP GRANT Unfortunately, with WA’s economic fortunes languishing, the housing industry still requires a financial stimulus to meet the expectations of prospective homebuyers. The simplest and most effective way of achieving this is for the
BUILDERS BODY TARGETS SOCIAL MEDIA PLATFORMS
READ MORE AT ANOTHER peak industry body has weighed in on the future of the First Home Owners Grant with a social media campaign designed to implore the State Government to retain the $10,000 boost.
Master Builders WA has launched a new online campaign with the slogan “Our future is foggy without the FHOG”, fresh from REIWA calling on the State Government to implement a range of tax reforms designed to stimulate the WA property market.
Master Builders executive director Michael McLean said almost all other states and territories have recognised the importance of retaining and, in some cases, increasing the FHOG in order to stimulate much-needed economic activity.
“Unfortunately, with WA’s economic fortunes languishing, the housing industry still requires a financial stimulus to meet the expectations of prospective homebuyers,” he said.
“The simplest and most effective way of achieving this is for the McGowan Government to retain the $10,000 FHOG.
“Master Builders recognises that, like many of our members, prospective homebuyers are doing it tough at the moment. In order to keep their dream of home ownership alive, they also need the $10,000 FHOG.”
The FHOG for new homes was cut from $15,000 to $10,000 at the start of the fiscal year in a bid to retain $20 million in the State Government’s coffers. ■ WA’S building industry will continue to struggle unless the State Government retains the $10,000 FHOG in the next budget. ■ More than 20 per cent of local builders will be pushed to the wall if the FHOG is abolished. ■ Jobs for trades and apprentices will decline as work in the first-home buyer sector dries up. ■ The next generation of first-home owners will not be able to enter the housing market without FHOG. Removing it effectively kills the Great Australian Dream. ■ This dire situation will be compounded in regional WA, which is already struggling.