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Construction boost, but little else for property in 2020 budget

Developers, builders and property investors will likely lean on state governments for support, after Treasurer Josh Frydenberg’s 2020-21 budget provided a boost for housing construction, but little other specific stimulus for the property sector.

Melbourne houses under construction
The federal budget extended support for new builds, but provided nothing to boost the established housing sector. Photo: Shutterstock

Developers, builders and property investors will likely lean on state governments for support, after Treasurer Josh Frydenberg’s 2020-21 budget provided a boost for housing construction, but little other specific stimulus for the property sector.

Mr Frydenberg said the 2020-21 budget was “all about jobs”, unveiling a range of measures to help guide the nation’s economy out of its COVID-induced recession.

To help maintain employment in housing c…