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