Australia’s tradies building our comeback with HomeBuilder

first_imgAustralia’s tradies building our comeback with HomeBuilder Helping Australians get into a home of their own and supporting tradies’ jobs are both key priorities for the Morrison Government as we build our comeback from the COVID-19 recession.Latest figures released today show, that as at 31 December 2020, over 75,000 households have applied for a HomeBuilder grant, with 80 per cent of applications to construct a new home.Tradies and home buyers in every state and territory has benefitted from these HomeBuilder applications;New BuildRebuildTotalNew South Wales8,7144,97313,687Victoria17,3824,21321,595Queensland13,5073,10616,613Western Australia11,14178311,924South Australia5,9491,4797,428Tasmania1,5212911,812ACT1,3715201,891Northern Territory17815193Total59,76315,38075,143As a key driver of our comeback, Treasury estimates that HomeBuilder will now support up to $18 billion of residential construction projects.HomeBuilder was designed immediately to inject confidence and encourage buyers back into the market to offset the devastating effects of the pandemic on the residential construction industry.On all counts HomeBuilder has more than achieved this objective, and it has kept hundreds of thousands of tradies in work who would have otherwise been facing the unemployment queue.This is a phenomenal outcome for our tradies and for our economy at a time it needs it most.To maintain this momentum in Australia’s economic comeback, the Morrison Government has announced HomeBuilder will be extended until 31 March 2021.For all new build contracts signed between 1 January 2021 and 31 March 2021:Eligible owner-occupier purchasers will receive a $15,000 grant; andThe property price caps for new builds in New South Wales and Victoria have been increased to $950,000 and $850,000 respectively.In addition, the construction commencement deadline has been extended from three months to six months for all eligible contracts signed on or after 4 June 2020.Extending HomeBuilder ensures there will be a steady pipeline of construction activity through to 2022 to lock in this momentum. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Act, AusPol, Australia, Australian Treasury, construction industry, Government, home buyer, HomeBuilder, Morrison, Morrison Government, New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Tassie, unemployment, Victoria, Western Australialast_img read more