Homebuilders to lead recovery with $688m boost
Australia’s residential construction sector has been handed a $688 million lifeline, with grants of $25,000 to be made available to build new homes or undertake significant renovations.
Bleak housing construction forecasts may not be realised under the Morrison government's HomeBuilder stimulus. Photo: Shutterstock (Image source: Shutterstock.com)
Australia’s residential construction sector has been handed a $688 million lifeline, with grants of $25,000 to be made available to build new homes or undertake significant renovations.
Prime Minister Scott Morrison unveiled the federal government’s HomeBuilder program last night, saying it would allow for a tradie-led recovery of the national economy.
Grants of $25,000 will be available for people building new homes valued at up to $750,000, i…
