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Housing : June 2009
Industry Outlook stimulus round 2 Will the government’s stimulus plan deliver its initiatives by the 2010/11 deadline, and will industry be ready for it? Nassim Khadem reports. are we ready? T he federal government knows the residential construction industry is the key to maintaining jobs and ensuring economic activity throughout Australia. Its Nation Building Economic Below right: Rod Pearse, chief executive and managing director of Boral. Stimulus Plan sets aside more than $20 billion for new housing and for rebuilding and upgrading facilities in primary and secondary schools – initiatives that will reinvigorate new building activity. (See box on page 27). The measures will also have a secondary positive impact on manufacturers and small businesses who supply and fit new and renovated buildings. HIA estimates the plan will generate up to a 15 per cent increase in building activity over the next 20 months. But questions remain as to where and how the initiatives will be delivered, how quickly they will be rolled out, and whether industry is prepared for accelerated activity that will logically follow. HIA estimates the plan will generate up to a 15 per cent increase in building activity over the next 20 months Rod Pearse, chief executive and managing director of Boral, says the government’s stimulus package will provide much-needed support for jobs in our industry, and it needs to be expedited. HOUSING JUNE 2009 25