Stimulus required to sustain property industry jobs through second lockdown

Premier Daniel Andrews has today announced industry-specific restrictions, aimed at stopping the spread of COVID-19. The new restrictions include significant shutdowns across a range of industries, with several industries to continue in a “pilot light” capacity. 

According to Property Council Executive Director, Cressida Wall, the new restrictions will undoubtedly place a financial strain on many property businesses. The focus now turns to stimulus measures and settings to ensure businesses, small and large, can survive the lockdown period. 

"The State Government walks a tightrope – choosing between what it can keep open for the economy and essential needs and what it has to close to keep people alive and well. 

"There is no question that additional restrictions on our industry will have a drastic financial impact, but we all want Victorians to get through this pandemic safely. 

"There is much to digest from what has been announced today and how it will work. 

"We will work with State Government to get clarity for businesses and employees about what their next six weeks hold, how they can play their role to keep our State safe and how we can all see the end of these restrictions as soon as possible. 

"Industry will need urgent financial support to survive these restrictions, and we welcome the support announced today. Further measures and concessions will be required once restrictions are lifted, in order for industry to recover,” said Ms Wall. 

 

 Media contact: Emily Young | M 0475 161 328 | E eyoung@propertycouncil.com.au