HomeBuilder extension to generate $6b in economic activity

Australian Property Journal – 

THE federal government has responded to the success of the HomeBuilder scheme by extending the program, albeit reducing the grant to $15,000 but increased the property price caps in New South Wales and Victoria.

HomeBuilder will be extended from 1 January 2021 to 31 March 2021 which is expected to support the construction or major rebuild of around 15,000 homes. This is in addition to the 27,000 homes the scheme is already expected to support, bringing it to a total of around 42,000 homes across Australia.

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