Government Stimulus Package Home Renovations

The australian newspaper has reported that direct cash grants for home renovations could be part of a multi billion dollar building stimulus package.

Government stimulus package home renovations. The abc understands a package worth over 1 billion is set to be announced with means tested grants focused on residential construction and renovations. A 15 000 grant for building contracts new builds and substantial renovations signed between 1 january 2021 and 31 march 2021 inclusive. Prime minister scott morrison on.

Applications can now be submitted up until 14 april 2021 inclusive. Morrison government to offer 25 000 in home builder stimulus the homebuilder scheme will run between june and december and aims to create a pipeline of construction work. We recognise that it s a long supply chain treasurer josh frydenberg said on monday.

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. The federal government has unveiled its homebuilder package offering 25 000 for people to. The federal government is considering giving householders cash grants for home renovations under a multi billion dollar stimulus package to boost the economy.

Federal labor has welcomed greater support for the housing construction industry but urged the government to act faster. But the government refused to confirm those details when asked by the abc. 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.

An extended deadline for all applications to be submitted including those applying for the 25 000 grant and the new 15 000 grant. Speaking about the announcement this morning prime minister scott morrison said the grants would keep that dream alive for australians wanting to build or renovate their own home.