Loans boost benefits whole community: Satterley

Loans boost benefits whole community: Satterley : The West Australian Newspaper

The First Home Owners Boost has stimulated the retail, trade and finance industries, said the State’s biggest property developer, Nigel Satterley.

Mr Satterley, CEO of Satterley Property Group, said the increase in new home construction had had a positive effect on the building industry and businesses around thriving housing estates.

“At our big estates, like Brighton (in Butler), we have around 900 tradespeople and subcontractors employed at any given time,” he said. “Brighton is the biggest construction site outside of the resources sector and the work there keeps the entire suburb economically viable,” he said.

“Retail, for example, benefits enormously because young families use most of their disposable income on perishables such as fresh food . . . this keeps the local supermarkets and convenience stores busy.”

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