The Morrison Government is extending the highly effective HomeBuilder scheme which is driving demand in our local construction sector and protecting jobs by supporting the construction on new homes and home renovations.
HomeBuilder will now be extended to 31 March 2021.
For all new build contracts signed between 1 January 2021 and 31 March 2021, eligible owner-occupier purchasers will receive a $15,000 HomeBuilder grant.
In addition, the construction commencement deadline will be extended from three months to six months for all eligible contracts signed on or after 4 June 2020.
This extension is expected to support the construction or major rebuild of around 15,000 homes nationwide, including in Cairns and across Far North Queensland.
Federal Leichhardt MP Warren Entsch said the HomeBuilder scheme had proved to be extremely popular in Cairns and Far North Queensland.
“This has been a hugely successful programme that’s delivering real results for home buyers and has kept tradies in work throughout the COVID pandemic,” Mr Entsch said.
“I personally know of several people who have taken up the scheme and are now living in their new home.
“Local builders have been crying out for these changes due to the scheme’s overwhelming success so they can continue with a pipeline of work well into 2021.
“I know of one builder that is that busy with work, they literally cannot start work on building new homes until May 2021.
“These changes will give builders like this the certainty they need and also ensure those looking to build a new home aren’t disadvantaged by the scheme’s popularity.”
Further information on the HomeBuilder scheme can be found at: https://treasury.gov.au/coronavirus/homebuilder