Senate Report into Budget tax hikes fails housing supply
A Senate Economics Legislation Committee report on Budget tax legislation has been released. Master Builders Australia argues the tax measures fail to address Australia's housing supply crisis.
Will the federal Budget tax hikes make Australia's housing supply crisis worse for builders?
Builders and contractors may face ongoing housing project slowdowns if tax settings discourage new supply. Affects builders and tradies relying on residential construction pipelines.
Key takeaways
- The Senate Economics Legislation Committee has released its report on the first tranche of Budget tax legislation.
- Master Builders Australia says the tax hikes do not address the housing supply shortage.
- The outcome could affect the volume of residential building work available to tradies.
- No specific relief measures for the construction sector were flagged in the report.
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