The HomeBuilder program, which grants home builders and renovators, will be extended by three months through March next year.
The Federal Government’s HomeBuilder funding program is being extended by three months. Another 15 are expected by March next year. 000 homes will be approved under the program.
Cabinet Minister David Littleproud has confirmed the extension and said the program was a « real success story ». .
« It is having a significant impact on getting us out of this COVID recession, » he told Sky News Sunday’s agenda.
He said the program that helps builders and renovators has increased housing permits by 20 percent.
« There were 27. 000 homes approved under this agreement and there are another 15. 000 that we expect under this (expansion), « said Littleproud.
« We will continue to monitor not only this program but others as well as we move through the next year. «
News Corp. newspapers say the $ 25 grant was worth $ 25. 000 USD on 15. 000 USD will go down, but the price cap for new buildings in NSW was 750. 000 USD to 950. 000 USD and in Victoria from 750. 000 USD to 850. $ 000 increased.
Labor housing spokesman Jason Clare said these changes would help, but they are still not enough to stop the housing industry from shrinking.
He said that in the last fiscal year, 170. 000 homes have been built across Australia, while the Housing Industry Association predicts only 150 more this fiscal year. 000 houses will be built.
« These changes to the HomeBuilder program are too small to bridge the difference, » Clare said in a statement.
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David Littleproud, Government, Grant, Scott Morrison
World News – AU – HomeBuilder program has been a success story that should be extended to March
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