HomeBuilder a success, $50b boon for the economy

Australian Property Journal –

MORE than 75,000 households have applied for the federal government’s HomeBuilder scheme, and new home sales nearly doubled during December to their highest level in almost 20 years as homebuyers sought to secure the full grant before the end-of-year deadline.

HomeBuilder is expected to support $18 billion worth of residential construction and renovation projects. In November, the government was still expecting a take-up of around 42,000 households by the end of 2020 – a figure that instead hit 75,143, according to Treasury data.

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