Improving intergenerational housing equity means more housing supply
Master Builders Australia told a Senate committee that boosting housing supply is the key to fixing intergenerational housing inequality. The submission focused on increasing the volume of new homes built across the country.
Will the Senate housing inquiry lead to more construction work for tradies?
Builders and related trades like plumbers and electricians could see increased demand if housing supply policies lead to more residential construction projects.
Key takeaways
- Master Builders Australia argued more housing supply is essential to fix intergenerational housing inequality.
- The case was made at a Senate Select Committee focused on intergenerational housing inequity.
- Increased housing supply policy could translate to more work for builders and allied trades.
- No specific targets or funding figures were reported from the committee hearing.
Related
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Why it matters: Builders and other trade businesses with outstanding tax debts may face firmer ATO collection action, which could strain cash flow. Details are not in the source text, so check the ATO or Master Builders directly.
Builders Oppose Proposed Jobs Framework and Supplier Code
Master Builders Australia opposes the proposed Secure Australian Jobs Framework and changes to the Commonwealth Supplier Code. The article excerpt gives no further detail on what the proposals contain.
Why it matters: Builders and contractors working on or seeking Commonwealth-funded projects could face new employment and supplier requirements. The practical impact is unclear until details of the proposals are released.
WA passes new payment protection laws for subcontractors
Western Australia's Parliament has passed new payment protection laws for subcontractors. The changes, made through an amendment to the Building and Construction Industry (Security of Payment) legislation, aim to give subcontractors stronger protection against insolvency.
Why it matters: Subcontractors in WA, including plumbers, electricians, carpenters and other trades, get stronger protection if a head contractor becomes insolvent. This could reduce the risk of unpaid work and cash flow problems.