Stimulus Package Home Renovations

Prime minister has commented on the new homeowner grant for renovations to help the struggling building industry.

Stimulus package home renovations. Giving householders cash grants for home renovations. 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. Home renovation cash grants will be part of a multi billion dollar construction stimulus package designed to save tens of thousands of tradie jobs.

The federal government is considering giving householders cash grants for home renovations under a multi billion dollar stimulus package to boost the economy. Has confirmed new stimulus packages for the entertainment and. New home construction and major renovation projects could be.

An extended deadline for all applications to be submitted including those applying for the 25 000 grant and the new 15 000 grant. A 15 000 grant for building contracts new builds and substantial renovations signed between 1 january 2021 and 31 march 2021 inclusive. The federal government is set to announce a cash grant scheme for home renovations to help the construction industry recover following the coronavirus pandemic.

New builds will be capped at 750 000 while renovations can cost anywhere between 150 000 and 750 000 but will only be subsidised if the house being altered is valued at less than 1 5 million. Changes to the homebuilder program include. A proposed stimulus package for renovations and construction is foolhardy according to one of australia s builder advocacy groups.

The federal government has opened the door to providing cash grants for home renovations as part of a new round of economic stimulus aimed at propping up australia s construction sector.