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He hinted the two measures would be part of the government rebuild plan. “This would support the housing construction sector and provide a lasting community benefit,” he said.May 26 2020 1:00AMBuilders push for $40k home buyer grant to stave off construction crisis but Barr says noWhile the construction sector hasn’t been forced to shut down during the pandemic, the economic shock has sparked widespread concerns about the industry’s short to medium term prospects.The Master Builders predicts that under the worst case scenario almost a third of Canberra’s 18,600 construction sector jobs could be lost in the aftermath of the pandemic. Some 1500 jobs have already been wiped out since mid March, according to the latest Australian Bureau of Statistics data.The Housing Industry Association last week published its own gloomy forecast for the local building industry, predicting a massive drop in the construction of new homes in particular apartments and townhouses in the next financial year.In a submission to Chief Minister Andrew Barr outlining the proposed stimulus package, Master Builders Association chief executive Michael Hopkins commended the ACT government for its efforts to keep the sector ticking over through the worst of pandemic, including the fast tracking of $25 million worth of small scale infrastructure projects.But Mr Hopkins said that “action is required now” to ensure that there was a pipeline of projects in the next six to 12 months.The centerpiece of the proposed package was a $40,000 grant for people buying homes which are newly built, or purchased off the plan.Modelling from consultancy firm EY estimated the scheme could lead to the construction of nearly 500 new homes and create more than 1000 jobs.

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