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Liberal Party of Australia
“Valley of death” was the grim assessment for the residential construction industry by Master Builders Australia chief executive Denita Wawn, as she assessed the impact on demand caused by the pandemic early last year.
The shockwave of the pandemic hit every corner of an industry that every year generates more than $100bn, or about 5 per cent, of our annual economic output, while supporting the jobs of more than one million Australians.
This impact followed the understandable reaction of many homebuyers who pulled back from building a new home or undertaking a renovation in the uncertain early days of COVID.