The scheme is aimed at boosting demand in the construction sector.
- Under the scheme, Australians will be able to apply for $25,000 grants to build or substantially renovate their homes.
- The program is demand-driven, and will be limited to individuals earning $125,000 or less per year, and couples on no more than $200,000 per year.
- Grants for the HomeBuilder program will be paid via state and territory governments once each jurisdiction signs up.
The government estimates the package will support 140,000 jobs in construction, and a further million workers in the wider residential building sector.
