July 10, 2020

Australians have yet to receive a single dollar in government grants to build or renovate homes under the Coalition’s HomeBuilder scheme.

Almost one month after Prime Minister Scott Morrison announced the $25,000 grants to kickstart “a tradie-led recovery”, home buyers and renovators are eagerly awaiting the cash as new ABS data suggests builders could soon run out of work.

The HomeBuilder scheme will see state governments offer grants of $25,000 to eligible owner-occupiers who build a new home or substantially renovate an existing one.

Subject to property price caps, the scheme is open to individuals who earned up to $125,000 last financial year or couples who earned up to $200,000.

But it is not yet ready to receive applications.

As of the time of writing, the Queensland government is yet to sign up to the scheme, with New South Wales, Victoria, and the Australian Capital Territory only signing up this week.

Read more here…

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