The scheme seems aimed at ensuring the construction industry participates in a V shaped recovery.
It doesn't matter if it's a V, W U, L or G shaped recovery this $8 billion is meant for direct stimulus over the next 15 months first, construction industry industry second. A lot of the $8 billion will come from super annuant retirees in cash and other well offs who have access to cash. Banks will like lending to these people as well. Very juicy.
Every one's a winner.
We'll know come mid January just how successful this is..
But I wish these fringe first home buyers would stop whinging on TV. This is not about home ownership it's about jobs and economic survival. The 'what's in it for me' attitude is self indulgent unAustralian selfishness.
