Enquire Now!

If you require any information such as product details or quotes please fill out the form below and we will get back to you as soon as we can.

Everything-You-Should-Know-About-The-Australian-Government-Building-Grants-2020

Everything You Should Know About The Australian Government Building Grants 2020

Everything-You-Should-Know-About-The-Australian-Government-Building-Grants-2020

Covid-19 had brought a massive change (and still ongoing) to the world, many sectors have been affected by the pandemic, such as travel limitations, stagnant businesses and strict implementation of health preventive measures. The whole world is in healing mode; no warm hug is allowed as people are being distant from each other, cutting down every possible outside activity to reduce the spread of the virus.

Several State Government of Australia have released some responses and are giving support to the community due to the pandemic. They recently released a HomeBuilder stimulus scheme on Thursday, June 4th, 2020, as the recovery program due to the Covid-19 pandemic. The government will provide $25,000 grants to the eligible owner-occupiers, helping them to do major renovations of their house or building a new one. The renovation and housing construction are mainly aimed to support the industry. 

However, just who is eligible for the grant and what are the requirements?

Here are the requirements that you should meet:

Subsequently, if you are qualified, there are several requirements aside from the contract that you should meet. 

For example, the contract should be negotiated at a fair market price, to avoid people from asking the builder to mark-up the costs in the order you can get the grant. The Government’s HomeBuilder scheme also requires that the contractor should not be anyone you have a relationship with, such as family. The project should be handled by a certified builder, depending on which state or territory you are in.

Moreover, if you are sceptical that your builder has marked-up the prices by cause of these grants, you should ask them to show the cost and compare it to a similar project in last July, whether it is the same or lower.

There are also some factors that you should consider.

Some essential things need to be considered whether you will renovate your house:

Conclusion

After reading the article you should have understood more about the HomeBuilder stimulus scheme and it is very understandable how people are intrigued by the Federal Government offer. Moreover, if you are a qualified applicant, have you decided between house renovation or building a new one?