Master Builders media release: Residential lending falls as industry warns of investment strike
Residential lending volumes have fallen sharply following May's Federal Budget, with Master Builders warning of an investment strike in the housing sector.
Is the Federal Budget causing a drop in new home builds that could dry up work for tradies?
Builders and contractors face fewer new housing projects as lending drops, directly threatening workflow and revenue for tradies across all sectors.
Key takeaways
- Residential lending volumes fell sharply after May's Federal Budget, signalling reduced housing activity.
- Master Builders is warning the budget settings risk triggering an investment strike in residential construction.
- Fewer new home loans means fewer new builds, which could reduce work pipelines for tradies.
- Industry groups are calling for policy changes to restore investor and builder confidence.
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