Government announces cash grants for builders and renovators

The new 'Homebuilder' package is offering cash grants up to $25,000 to home builders and renovators.

The new 'Homebuilder' package is offering cash grants up to $25,000 to home builders and renovators. Source: AAP

The Australian Government is offering $25,000 cash grants to homeowners looking to renovate or build a new home.


The fight for our economy continues and this week the focus is on the Australian construction industry. 

The Australian government is hoping cash grants for major renovations and new builds will help boost jobs in the sector, but will it work? 

Investment properties don't qualify and total job cost must be between $150,000 and $750,000. 

Professor Srinath Perera, Director of the Centre for Smart Modern Construction at Western Sydney University, says there are two ways this could go - some will leap at the chance to get started while others, who are experiencing financial hardship due to the COVID-19 crisis, might not be ready to take any risks. 

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