Now is the time to build
IF YOU’RE in the market for a new home, now’s the time to build.
That’s the word from Master Builders Central Queensland regional manager, Dennis Bryant.
Mr Bryant said great financial incentives and capacity in the building industry meant it was the perfect time to find a builder or trade contractor and get building work started quickly.
“Our industry, which suffered at the hands of the economic downturn, remains plagued by the cost and availability of finance, poor consumer and investor confidence and activity levels that have deteriorated substantially since last financial year,” Mr Bryant said.
Mr Bryant welcomed the Queensland Government’s $140 million Building Boost Grant as a desperately needed kickstart measure.
The initiative offers a $10,000 grant to those building a new home in Queensland.
“For some time now, Master Builders has been calling on the government to develop measures that will boost the ailing building industry, which has been struggling with the lowest activity levels in ten years,” Mr Bryant said.
“We anticipate this grant will provide a short-term boost in new home construction that the industry so desperately needs,” he said.
Mr Bryant said the Federal Government’s carbon tax would eventually impact construction costs.
He said the construction costs for a typical 200sq m slab-on-ground home would increase by about $7000 to $9000, based on the carbon price of $23 per tonne and where the construction of an average home involves an estimated 300–400 tonnes of CO².
He said an increase in transport costs could raise the figure even higher.
“We know trade exposed industries, like steel manufacturers, will be offered assistance and some consumers have been offered compensation, but it’s just not enough to cover all the cost increases that are inevitable,” Mr Bryant said.
Grab a copy of Domain inside this Saturday’s The Morning Bulletin for details of the Master Builders Awards to be held this weekend.