Posted in renovation

HomeBuilder scheme providing $25,000 home renovation subsidies axed in the Budget

Revealed: The home renovation scheme quietly axed in the Budget just months after it was launched – so how long do YOU have?

  • HomeBuilder scheme providing $25,000 renovation grants was discontinued
  • The $688million program available to build new house worth up to $750,000
  • Grant was also available to renovate an existing home worth  up to $1.5million
  • Home First Loan Deposit Scheme instead extended to cover newly-built homes 

A controversial home construction scheme providing $25,000 renovation grants has been quietly axed in the Budget just four months after it was launched.

Treasurer Josh Frydenberg in June unveiled the $688million HomeBuilder program offering 27,000 subsidies in the hope this would support 140,000 jobs in the struggling construction sector.

Australians were able to claim $25,000 from taxpayers to build a new

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Posted in home improvement loans

First Home Loan Deposit Scheme extension could be just the start

Victorian first-home buyers can make an up to $850,000 first step onto the property ladder under an extended and revised key housing support program.

On Saturday, Housing Minister Michael Sukkar announced an additional 10,000 First Home Loan Deposit Scheme places, and raised the cap in Victoria from $600,000 to $850,000.

But the extra 10,000 places nationwide are reserved for those buying off the plan, or a newly built home.

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First Home Loan Deposit Scheme warning for buyers considering it

Lockdown costs Melbourne buyers $25k HomeBuilder grant chance

The scheme allows first-home buyers to purchase a home on a deposit as low as 5 per cent without paying lenders’ mortgage insurance, as the government goes guarantor on their loan.

Building industry groups have lauded the move, but warned the state’s new home industry will need further support — urging for

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Continue Reading First Home Loan Deposit Scheme extension could be just the start