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Campaign to drive building jobs

Premier Jay Weatherill has announced the housing construction industry had agreed to campaign with the State Government to encourage South Australians to take up new housing grant reforms.

Mr Weatherill said the State Government would match an industry contribution and charge Renewal SA with the responsibility of driving the campaign.

“There’s a risk that construction industry work will dry up and workers’ jobs will be at stake unless the Government steps in to drive housing construction,” he said.

“Encouraging the building of new homes makes sense – it creates work in a sector of the economy that keeps other businesses going and gives more people the opportunity to enjoy the security of owning their own home.

“I’m pleased that industry has decided to get on board and help to support the Government to deliver this.

“The number of new dwellings built in South Australia declined by 18 per cent in the last financial year while dwelling commencements are forecast by the Housing Industry Prospects Forum to fall a further 10 per cent in 2012-13.

“This is about driving jobs and giving the industry confidence. The construction of houses keeps South Australians in work.”

Housing and Urban Development Minister Patrick Conlon said it was vital that potential property owners understood the current incentives.

“There is simply no better time to buy,” he said.

“What I want to see is South Australians take advantage of these measures – that means people in houses and people in jobs.”

The reform creates an $8500 Housing Construction Grant for all buyers of brand new homes, regardless of whether it is their first home until 30 June, 2013.

This will apply to properties with a value up to $400,000, and will phase out for properties valued up to $450,000. This replaces the existing $8000 First Home Bonus Grant.

The First Home Owners Grant will increase from $7000 to $15,000 for first home owners who build or purchase a brand new home.

The First Home Owners Grant will reduce from $7000 to $5000 for first home owners who purchase an established home up until 30 June, 2014, when it will expire.

The new Housing Construction Grant comes into effect immediately.

Reinvent Your Career would like to thank The Australian where this article first appeared.

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