Government Stimulus Package For Renovations

An extended deadline for all applications to be submitted including those applying for the 25 000 grant and the new 15 000 grant.

Government stimulus package for renovations. The prime minister has confirmed a home renovation scheme is being considered as part of a building industry stimulus package to be announced soon. We recognise that it s a long supply chain treasurer josh frydenberg said on monday. It is about creating jobs and supporting jobs in our residential construction sector mr morrison said yesterday.

The australian newspaper has reported that direct cash grants for home renovations could be part of a multi billion dollar building stimulus package. The federal government is set to announce a cash grant scheme for home renovations to help the construction industry recover following the coronavirus pandemic. The multi billion dollar stimulus package the fourth to be announced by the government is set to support up to 400 000 tradies at risk of losing their jobs the australian reports.

Prime minister scott morrison on. 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. Federal labor has welcomed greater support for the housing construction industry but urged the government to act faster.

The federal government is considering giving householders cash grants for home renovations under a multi billion dollar stimulus package to boost the economy. The abc understands a package worth over 1 billion is set to be announced with means tested grants focused on residential construction and renovations. The government is considering a housing stimulus package that would extend grants to include home renovations as a way to help tradespeople weather the slowdown according to a report in the.

But the government refused to confirm those details when asked by the abc. A proposed stimulus package for renovations and construction is foolhardy according to one of australia s builder advocacy groups. We ll have more to say about this once the details are finalised.

A house being renovated in brisbane on thursday. A 15 000 grant for building contracts new builds and substantial renovations signed between 1 january 2021 and 31 march 2021 inclusive.