Queensland Government Encourages First Home Buyers
The Queensland Government has urged banks to lend more to first home buyers to boost the state's sluggish construction industry.
Premier Campbell Newman told a meeting of 200 business leaders in Brisbane that more needed to be done to boost activity in the construction sector. He said the government had taken steps to boost residential construction, including the $15,000 first home owner construction grant.
Mr Campbell called on banks to play their part, through greater home loan lending, to provide an injection into the housing sector. "If the bankers start lending, perhaps a little bit more, we'll see a lot more activity on that front," he said.
Mr Newman also discussed some of his visions for Queensland, telling those in attendance that he planned to turn the state's public service into the "best in the nation" and that the state's $10 billion fiscal deficit should become a small surplus in two years.