One of the industries that was forecast to be hardest hit was the building and construction industry.
In response, the Morrison-McCormack government launched the HomeBuilder program. As a result, we now have the highest level of new home builds in more than 20 years.
It has been a fantastic program that has driven building activity in Mallee in a way we have never seen before, saving and creating jobs and getting young families into homes.
Figures from the ABS show that 247 new houses were signed off over the past eight months in the Mildura local government area alone.
It has helped local builders like Garraway Developments, who are run off their feet with 12-18 months of work ahead of them.
The grant encouraged individuals and families to invest hundreds of thousands of dollars in a new home.
When the contract is signed and construction begins, it is not just the builder who wins, but the tradies, the suppliers and then all of the local businesses like cafes who are also supported.
Most importantly, the grant has helped thousands break into the housing market, including many young families.
This week I met Nick and Jordan, who have bought a house and land package in Lockstar Homes’ new estate, Riverside Rise. Nick and Jordan are a prime example of hardworking first-home buyers. They knuckled down and saved as much as possible for a deposit.
When the HomeBuilder grant came around, the couple were quick to make their minds up about the life-changing decision to commit to their new home.
They were so excited. They told me they’ve driven past the subdivision hundreds of times to check the progress.
The Minister for Housing and Assistant Treasurer, Michael Sukkar, was in Mildura this week visiting local builders and home buyers with me. He was amazed at the level of activity occurring in Mildura.
Mr Sukkar and I heard about several challenges facing builders at the moment, such as timber supply issues and lengthy approval processes.
I’ve asked him to provide builders with more time to ensure every HomeBuilder application runs its course and is eligible for the funding.
