Business
Coronavirus HomeBuilder construction scheme to hit nearly $2 billion amid spike in demand – ABC News
Victorian and Queensland home builders have led the nation in the scheme, which is estimated to be supporting around $18 billion worth of construction.
A cash grant program to boost housing construction is likely to cost around $2 billion, with applications far exceeding the Federal Government’s expectations.
Key points:
- The HomeBuilder scheme was introduced out of fear for the construction industry
- The scheme was announced by the Government in June 2020
- Housing Minister Michael Sukkar said he was “pleasantly surprised” by the uptake
According to the latest figures, 75,143 households applied for a $25,000 grant under the HomeBuilder scheme as of…
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