5 min read
0
Government to hand out $25k grants for housing construction, renovations to bolster industry
The Federal Government will give eligible Australians $25,000 to build or substantially renovate their homes, in an effort to boost demand in the construction sector and keep builders employed. Key points: The scheme will give $25,000 grants to eligible homeowners, but recipients will need to spend at least $150,000 of their own money The Government hopes it will ease a predicted downturn in construction demand Labor and the Greens have called for the Government to invest more in social housing Industry bodies are painting a grim picture of the second half of this year, warning that the economic downturn associated…