The Coalition and home builders have rejected the pandemic inquiry’s criticisms of the $2.6 billion housing construction stimulus, arguing it delivered value for money in generating home-building activity and protecting tradie jobs.
The Morrison government’s $25,000 HomeBuilder grants for new homes and renovations created excess demand in a housing industry facing supply constraints, such as shortages of materials and labour, the wide-ranging inquiry said.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
