Homebuilder Succcess Sees Programme Extended

Government is extending the highly effective HomeBuilder programme which is driving demand in our vital construction sector and protecting jobs by supporting the construction on new homes and home renovations.

HomeBuilder will remain demand driven and will be extended from 1 January 2021 to 31 March 2021 which is expected to support the construction or major rebuild of around 15,000 homes.  This is in addition to the 27,000 homes the scheme is already expected to support, bringing it to a total of around 42,000 homes across Australia.

Prime Minister Scott Morrison said HomeBuilder was driving demand for building work and helping protect the jobs of one million Australians employed in the construction sector.

For all new build contracts signed between 1 January 2021 and 31 March 2021:

• Eligible owner-occupier purchasers will receive a $15,000 HomeBuilder; and
• The property price caps for new builds in New South Wales and Victoria will be increased to $950,000 and $850,000 respectively.

  #HomeBuilder, #New Build Contract