Government extends HomeBuilder construction commencement period
Were you one of the 121,000 people who took advantage of the HomeBuilder grant?
If so, good news – the government has increased the construction commencement period, from six to 18 months.
This is in response to unanticipated delays in the construction industry caused by Covid-related supply constraints.
So even though grant applications are now closed, all applicants who signed contracts during the eligibility period, between 4 June 2020 and 31 March 2021, will receive this extension.
HomeBuilder was designed to protect tradies’ jobs and stimulate the construction industry – and it was a spectacular success.
Data from the Housing Industry Association shows a significant increase in new house sales since June 2020.
That includes a 90.3% jump between February and March, as Australians rushed to take advantage of HomeBuilder before the program closed.
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