Federal Government Extends Home Builder Program

30th November 2020

Are you still thinking about a home renovation or new build, there is no better time to get it done !

The Morrison Government’s cash handout to stimulate property construction has been extended. However the Homebuilder scheme currently offers $25,000 to Australians, committing to new builds or undertaking significant renovations and was due to expire on New Year’s Eve. This will now be extended to March 31 but at a lower rate of $15,000.

Another crucial element to the scheme is the increased cap size for eligible home values, reaching up to $950,000 for new builds.”This extension, obviously gives builders additional time, which means they will be able to take on more contracts and put more people into homes.”

See the full article here.

And to see the full details of the Federal Government’s Economic¬†response.