General
Federal Government extends HomeBuilder program for another three months but at a lower rate
A Federal Government program offering cash grants for housing construction projects has been extended, but at a lower amount.
Key points:
- The HomeBuilder program, due to finish at the end of the year, will be extended until March 31
- Contracts signed between January and March next year will attract a lower rate of $15,000
- People will be given more time to start construction and price caps in NSW and Victoria will be lifted
The HomeBuilder scheme currently provides $25,000 grants to eligible people building a new home or renovating an existing one.
It had been due to expire at the end of the year but will be extended to 31 March, 2021, at the lower rate of $15,000.
Prime Minister Scott Morrison said the extension was expected to lead to another…
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