HomeBuilder program is aimed at boosting demand in the construction sector

Australians will be able to apply for $25,000 grants to build or substantially renovate their homes, under a new scheme launched by the federal government.

A house renovation underway in Brisbane. Source: AAP

Prime Minister Scott Morrison says the aim of the $688 million HomeBuilder program is to boost demand in the construction sector and keep workers employed.

The government estimates the package will support 140,000 jobs in construction, and a further million workers in the wider residential building sector.