Government to hand out $25k grants for housing construction, renovations to bolster industry -

The Federal Government will give eligible Australians $25,000 to build or substantially renovate their homes, in an effort to boost demand in the construction sector and keep builders employed.

Key points:

  • The scheme will give $25,000 grants to eligible homeowners, but recipients will need to spend at least $150,000 of their own money
  • The Government hopes it will ease a predicted downturn in construction demand
  • Labor and the Greens have called for the Government to invest more in social housing

Here’s the facts on HomeBuilder grant program : https://treasury.gov.au/sites/default/files/2020-06/Fact_sheet_HomeBuilder.pdf

Source: https://www.abc.net.au/news/2020-06-03/government-coronavirus-construction-stimulus-renovations-25k/12317786?fbclid=IwAR03h0qF4kA19uZ0hXw56IUoqYEcTP2Wg10LKvunuU8T4zeS8it8whE3bEk


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