The Australian government has announced a new program to generate employment in the residential construction industry.
HomeBuilder is a time-limited, tax-free grant program that provides eligible owner-occupiers with a grant of $25,000 to build a new home or substantially renovate an existing home. The contract must be signed between 4 June 2020 and 31 December 2020 and construction must commence within three months of the contract date.
The HomeBuilder program has been developed to assist Australia’s residential construction market by encouraging the commencement of new home builds and renovations this year.
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