Opportunities for Homeowners & First Home Buyers to Upgrade or Build

News & Media Opportunities for Homeowners and First Home Buyers to Upgrade or Build On 5 June 2020, the federal government announced an extraordinary scheme to stimulate the economy by giving people $25,000 to renovate their homes or build a new house. These grants are available for renovation works that cost between $150,000 and $750,000 and for new homes valued at less than $750,000. Renovations must improve the 'liveability' of the home, meaning that external non-essentials such as: swimming pools, tennis courts, outdoor spas and saunas, and detached sheds or garages do not meet the criteria. This $688 million HomeBuilder scheme is designed to help the country through its first recession in 29 years. What makes this grant timely and worthwhile? If you are considering your first home or needing to improve or meet the needs of your growing family; this may be an ideal time to consider upgrading your current residence or for first home buyers to build a new home using the grant through the Homebuilders scheme. Here are some of the benefits: The $25,000 grants could meet the cost of a kitchen or a bathroom fitting or [...]