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Stimulus must be brought forward immediately: PCA

The Property Council of Australia has welcomed the Victorian Government’s roadmap for the safe reopening of the property industry, while acknowledging lifting restrictions is “a balancing act and all stakeholders must remain vigilant”.

The PCA continues to urge the Government to bring forward its “desperately needed industry stimulus package”, noting it takes months for construction and real estate businesses to access the current relief schemes.

“The Property Council welcomes and supports the Victorian Government’s roadmap, and we hope to see it accelerated, and economic stimulus delivered,” said Property Council of Australia, Group Executive, Policy, Mike Zorbas.

“Victorians simply cannot afford an endless cycle of easing and tightening restrictions on the industry, and we must all play our part and be vigilant about safe reopening at every stage.

“The economy won’t recover as long as people who should be in work boots and hi-vis are at home in tracksuit pants. 

“We also seek the acceleration of the forecast economic stimulus where it will create the most jobs. It takes months for construction and real estate businesses to access government relief schemes; stimulus measures need to be brought forward immediately. 

“The fact is both the construction industry and the Victorian budget rely on rental and purchasing transactions to create demand and new projects. We will now work closely with the government on safely getting those settings right as soon as possible.”

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