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Is the HomeBuilder stimulus package having an effect on the Australian economy?

building defect, strata

Victoria'da inşaat sektöründe çalışanların aşı olması artık zorunlu. Source: SBS

The economic and financial issues of the week analysed by the UNSW-Canberra professor of finance, Massimiliano Tani.


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By Magica Fossati

Source: SBS




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The economic and financial issues of the week analysed by the UNSW-Canberra professor of finance, Massimiliano Tani.


The HomeBuilder program will award $25,000 in the coming months to those who plan to renovate or extend their home. The Master Builders Association has said that in the past four weeks its activities have returned to pre-Covid levels and that these measures are "the most effective stimulus in decades".

  • The federal government has allocated $668 million to encourage construction activity
  • Australia still lacks a policy for the construction of new public housing
  • The distances between European Union countries on the use of the Recovery Fund remain unchanged

People in Australia must stay at least 1.5 metres away from others. Check your state’s restrictions on gathering limits.

Testing for coronavirus is now widely available across Australia. If you are experiencing cold or flu symptoms, arrange a test by calling your doctor or contact the Coronavirus Health Information Hotline on 1800 020 080.

The federal government's coronavirus tracing app COVIDSafe is available for download from your phone's app store.

SBS is committed to informing Australia’s diverse communities about the latest COVID-19 developments. News and information is available in 63 languages at sbs.com.au/coronavirus

 


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