Builders: Housing stimulus not needed

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Phil Dwyer, President of Builders Collective of Australia – an incorporated association of predominantly small builders – has questioned the need for housing market stimulus, claiming that his members are as busy as ever:

Phil Dwyer: “I can’t imagine why it’s taking place… I don’t think it’s needed. Tradies are very busy. We haven’t slowed down at all. We are an essential service. So, nothing has changed from our perspective…

“There’s a heap of renovations in every suburb. There’s no doubt about it. It’s very busy and hard to get trades. I can’t imagine why we would need cash injections to help us. We are just going to overheat the industry. And that would be ridiculous…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.