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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First Home Loan Deposit Scheme extension could be just the start

Modern Suburban House

New homes are the key beneficiary of the nation’s latest first-home buyer stimulus.


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

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What is the government home improvement scheme and how does it work?

1 October 2020, 13:42

The home improvements scheme is open for applications
The home improvements scheme is open for applications.

Picture:
Getty Images


What is the government’s green voucher scheme 2020 and how can I apply? Find out everything…

The Green Homes Grant scheme is now open for homeowners in England to make energy-efficient improvements to their houses.

Outlined back in July, the voucher plan sees the government pay two-thirds of the cost of any green updates to the value of £5,000 per household.

This can include insulation, double glazing and heat pumps, but doesn’t cover gas boilers.

So, here’s everything you need to know about the green home improvement scheme…

Rishi Sunak announced the Green Homes Grant
Rishi Sunak announced the Green Homes Grant.

Picture:
PA Images


What is the Green Homes Grant?

The Green Homes Grant scheme will provide £2bn for home improvement projects as part of a wider £3bn government plan to cut carbon emissions.

This will see vouchers handed out to

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