- Posted By Shiral Alexander
HOME BUILDERS, RENOVATORS OFFERED $25,000 GRANTS IN FEDERAL GOVERNMENT PACKAGE
The stimulus scheme will fund grants worth $25,000 for new home build and renovations (Owner occupier) between June and the end of December 2020. To be eligible, single applicants must earn less than $125,000 a year or $200,000 per couple.
New homes valued up to $750,000 will qualify as will renovations worth between $150,000 and $750,000 that result in the property being worth under $1.5 million.
The money can’t be used on investment properties or to build things outside the house such as swimming pools, tennis courts, outdoor spas and saunas, sheds or garages.
Work has to be done by a licensed builder, so owner-builders and DIY renovators miss out.
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