Western Australia has announced a housing stimulus package of $444 million to help its citizens and economy recover from the effects of COVID-19.
The major boost will support the housing and construction industry, with the state government offering a further $20,000 in grants on top of the HomeBuilder scheme for new builds.
The housing relief plans also aim to provide 2,600 construction jobs, one of the industries hardest hit by coronavirus.
Western Australia Premier Mark McGowan said: “This new major housing package will provide a much-needed boost to WA’s economy.”
The substantial relief aims to provide incentives for Western Australians to build new homes and deliver more social and affordable housing options.
“It will provide a pipeline of work for WA building companies and local tradies, like bricklayers, plumbers, carpenters and painters, as we recover from the COVID-19 pandemic.”Premier Mark McGowan
The impressive plans come just days after Scott Morrison revealed his HomeBuilder masterplan, which similarly aims to kickstart the country’s economy by offering incentives to home builders and renovators.
Housing Minister Peter Tinley added: “It will also result in more liveable, modern homes for tenants and improve the overall lifespan of our social housing stock – a publicly-owned asset with an estimated worth of about $14 billion.”