Question

The Australian Prime Minister recently announced measure to help the economy from the Covid19 pandemic. The Australian government have introduced a financial grant for people to build their first home. The grant is worth $25,000. The owners must live in the house once its completed, and they must use local workers to build the house. How do you think this will help the Australian economy? Be specific, and provide examples in your answer.

Answer 1

The government is of the opinion that the housing scheme will support 140,000 direct jobs and 1,000,000 related jobs in the residential construction sector.The Home Builder program will support residential construction activity as well as jobs in the industry at a time most required by the economy.Home builder program will not only lend support to plumbers, carpenters ,electricians , bricklayers but also to timber mill workers.The timber mill workers produce the frames and trusses.This plan will also benefit the manufacturing workers who are responsible for making glass brick and tiles for the houses.As  for eg prime minister Scott Morison has said that this support has helped the construction sector bear the crisis and the goverment is helping the construction sector to grow again.