Business
HomeBuilder grant applications soar above expectations as buyers rush to build new homes – Domain News
The $25,000 grant program aimed to build 30,000 homes by Christmas and save construction jobs, but applications have sailed far past that.
Take up of the federal governments HomeBuilder scheme has smashed expectations, with more than 75,000 households applying for the grants.
Sales of new houses nearly doubled in December compared to the previous month as buyers rushed to take advantage of the $25,000 grants before they ran out.
Up to $18 billion of residential construction projects will be supported by the scheme, on Treasury modelling, after it was announced in June to stimulate the construction industry.
It initially aimed to build…
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