HomeBuilder scheme set to deliver thousands of extensions, but might need one itself
ABCThe response to the Federal Government's HomeBuilder scheme is exceeding expectations, but a requirement to start construction within three months is testing the capacity of the building industry. Key points: More than 11,000 Australians have been approved for the HomeBuilder scheme More than 11,000 Australians have been approved for the HomeBuilder scheme The coronavirus stimulus measure provides $25,000 to build or renovate a home The coronavirus stimulus measure provides $25,000 to build or renovate a home The construction industry wants more flexible deadlines to deliver the work The program provides $25,000 to people who build a new home or substantially renovate an existing one. Call for extension The HomeBuilder scheme was introduced in the grip of the pandemic as a stimulus measure for building contracts signed between June 4 and the end of the year. According to the Housing Industry Association, new home sales have increased by almost 50 per cent in the four months since the scheme was introduced, compared to a similar period last year.
History of this topic
Trade and product shortages amid HomeBuilder Grant-induced building boom 'a perfect storm', industry experts say
ABCGlobal shortages, HomeBuilder demand causing building delays and price rises
ABCFederal Government extends HomeBuilder program for another three months but at a lower rate
ABCQueensland builders calling for HomeBuilder extension as tradies fear application bottleneck
ABCNo timeline for when $25k HomeBuilder scheme will be up and running
ABCDiscover Related
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