The ‘vacuum’ effect and its implications for the HomeBuilder Scheme

The announcement of the HomeBuilder stimulus from the federal government in early June has been met with a mixture of excitement and criticism. 

The scheme grants $25,000 dollars for new home builds and renovations where:

• The recipient is an owner occupier; 
• The recipient earns no more than $125,000 per annum as a single applicant or $200,000 for a couple; 
• The contract is signed between June 4 and December 31; and,
• Construction commences within 3 months of the contract date

For…