January 9, 2018

WA housing construction approvals in free fall

Australian Bureau of Statistics data released today shows housing construction approvals have plummeted under the McGowan Government.

Opposition Treasurer Dean Nalder said the ABS figures showed private sector housing approvals had fallen 3.3 per cent in November in trend terms, or 8.6 per cent in seasonally adjusted terms.

“This follows six months of continuous and significant falls under the McGowan Government,” Mr Nalder said

“The number of housing approvals in the first three months of the McGowan Government was 3571, that has fallen by 10 per cent, to 3216, in the three months to November.

“This is a direct result of Mark McGowan Government cutting the $5000 First Home Owner Grant boost in April and more broadly sucking confidence out of the community with new taxes and massive cost of living increases.”

The Housing Industry Association estimates that for every new house constructed around three new jobs are created.

“The $5,000 boost introduced by the former Liberal-led Government was designed to stimulate the housing construction sector, and supply jobs for small businesses, tradies and the construction sector – this was ruthlessly cut without regard to the economic and financial impacts,” Mr Nalder said.

“Since that cut, the housing construction sector has been in free fall and responsibility starts and finishes with Premier Mark McGowan.

“Mark McGowan has no policy agenda to create jobs and the housing construction sector is just one of the many victims.”

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