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Home builders boost

Homebuilding

Homeowners will be offered grants of up to $25,000 under a federal government plan to prop up the construction sector during the Covid-19 downturn.

The "HomeBuilder" scheme is designed to help those building a new home or undertaking substantial renovations.

Among several guidelines, the project must be worth between $150,000-$750,000 and isn't available to investors. 

Singles earning up to $125,000 or couples on $200,000 will be eligible for the cash, available from June 4 until December 31. 

In Tasmania, Premier Peter Gutwein is also set to announce the fast-tracking of nearly $2 billion in infrastructure spending in Parliament on Thursday. 

It will reportedly include the construction of 1000 social housing dwellings as well as roads and community infrastructure. 

Master Builders Tasmania says it's timely as the sector has already shed around 1200 jobs due to the pandemic.

"The benefits of this stimulus will be felt for years to come and means more Tasmanians will benefit from the long terms social and economic advantages which come with home ownership," said Executive Director Matthew Pollock. 

 

Tags: coronavirus