Property Council demands $2.5b stimulus, open borders

You can’t keep a good parasite down. The Property Council of Australia (PCA) has demanded a $2.5 billion stimulus package, stamp duty relief, and opening Australia up to low-skilled immigration to “kickstart the economy”:

Buyers of freshly built homes would get a $50,000 cheque from the Morrison government under a $2.5 billion plan from the Property Council… The council also wants the abolition of stamp duty, the broadening of the GST and a “welcome migration” campaign aimed at luring foreigners to Australia…

“As Australia’s biggest employer which contributes over 13 per cent of GDP, the property industry can be a powerhouse behind economic recovery and growth with the right policy settings and market incentives from the federal, state and territory governments,” he said…

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