COVID-19 Update

The possible impacts of COVID-19 on our community, businesses and the economy are being felt by many of our members and their people. The situation is rapidly evolving and as your industry body, UDIA SA wants to ensure you have access to the best, most authoritative information so you can be appropriately prepared.

UDIA ADVOCACY IN ACTION 

  • UDIA members represented by Chief Executive on the Premier’s Industry Response and Recovery Council.
  • Treasurer Rob Lucas briefed about COVID-19 impacts on property valuations, taxes and economic confidence.
  • Planning Minister Stephan Knoll briefed on the state of the housing market, current support measures and options for the future.

UDIA SA COVID-19 ACTION PLAN

UDIA SA, our members and the construction and housing sector want to do their part to keep our economy alive during this crisis. Our action plan, released on 1st April 2020, which we have provided to the Government, is designed to help keep the sector operating and to ensure we sling shot out of this for the future of our industry.

Read the full UDIA SA COVID-19 Action Plan

 
 

UDIA SA COVID-19 Pandemic Management Toolkit

UDIA SA, our members and the construction and housing sector want to do their part to keep our economy alive during this crisis. Our action plan, released on 1st April 2020, which we have provided to the Government, is designed to help keep the sector operating and to ensure we sling shot out of this for the future of our industry.

Read the full UDIA SA COVID-19 Pandemic Management Toolkit

 
A message from the UDIA SA Chief Executive, Pat Gerace
DEVELOPMENT VALUATION AND CONSUMER FINANCE
It was very clear through our member survey that property valuations and finance were the number one concern related to COVID-19.
 
These were reflected in our document (action items 1 and 2) and we raised these in meetings with both the Treasurer and the Premier and we thank them for elevating these issues to National Cabinet. The UDIA National President is talking to the Australian Property Institute to clarify what an appropriate response for valuations is in this situation.

TAXES AND GRANTS
When it comes to land tax on lots unsold and stamp duty concessions, this is something that has been raised by many members. Despite us meeting with the Treasurer and providing our COVID-19 Action Plan and briefing him on our members concerns, the call for relief in this area (action items 3 and 4) has gone unheeded, and unfortunately on this occasion no news is bad news.
 
We commend the Treasurer and Government on land tax relief for tenants, however the lagging economic indicators for our sector are almost certain to show a very dramatic impact in the near future. It's important that the capacity of our sector isn't lost with good businesses failing, making a post COVID-19 rebound even more difficult.
 
The housing and construction sector can't be turned on like a coffee machine in the hospitality industry and we will continue to put positive policy solutions forward to maintain demand.

STATE GOVERNMENT SUPPORT MEASURE AND NEW INITIATIVES
The UDIA has also met with Minister Stephan Knoll and he has indicated that the Government is turning its attention to how the housing sector can be supported through new Government policy and initiatives to get more people into private sector housing.
 
We are pleased Minister Knoll has also made a commitment to investigate the UDIA’s proposal that the State Government and other levies be deferred (action item 5).

As you would have seen in a recent Member Alert here, the State Government also recently amended planning regulations to allow the Minister to call in classes of development applications from councils where they don't have the capacity or otherwise are holding up progress unnecessarily. The full details of this can be obtained here.
 
GOVERNMENT STIMULUS AND INDUSTRY RESPONSE
The announcements from the Australian Government reflects strong and positive stimulus initiatives which will be implemented immediately in an effort to prevent and minimise the negative impacts on our broader economy and to support our communities.

Through the Premier’s Industry Response and Recovery Council on which the UDIA participates, we have thanked the Premier for his leadership and expressed our gratitude for the State Government Stimulus Packages.

We have also acknowledged the important role of the Federal Government assistant packages that many of our members are accessing.

The UDIA has received a number of inquiries regarding the State Government's economic stimulus package and in particular the Business and Jobs Support Fund. Details of this fund and the email address for inquiries can be found here.
 
From verbal information that we have received from Government and representatives assessing applications, we understand that there is a fairly broad criteria, however members should be aware that it is based on supporting existing business and maintaining continuity through this period of time.
 
The programme will consider the strategic importance of applicants in a post COVID- 19 world, more so than projects or proposals that haven't already commenced, and the fund is not sector specific.

The South Australian Government has also announced a  stimulus package focusing on driving the South Australian economy and securing jobs in our State. A media release by the UDIA on the package can be read here.