Govt's HomeBuilder scheme 'a substantial investment' | Sky News Australia

The Housing Industry Association’s Graham Wolfe says he would have preferred if the government’s HomeBuilder program didn’t have a means test but the $688 million “is a very substantial investment”. “During our discussions we were talking to the government about a package that didn’t have a means test on it,” Mr Wolfe told Sky News.

To be eligible, individual applicants must earn less than $125,000 a year, or $200,000 for couples. They must also sign a contract between July and December, and the new home can only be worth up to $750,000. Those wanting to renovate, must spend at least $150,000 on the work. Labor has criticised the scheme, claiming its not significantly assist the housing construction industry. "We know the housing industry is in crisis.

HIA_au Given the $150,000 is catering for a selective voting audience.

HIA_au 'Investment' Nope, band-aid, and yet another nail in the metaphorical, economic coffin. ControlledEconomicDemolition WealthTransfer TheDeathoftheDollar GovernmentIsTheVirus

HIA_au It's a load of BS, you for real?!... Scotty from marketing, again another gift for the rich.

HIA_au What if you are already mid-build? We started building during the pandemic... even though we faced many financial risks.

HIA_au It's not. What a load of shit. Anyone who has a lazy $125,000 for a reno atm was already planning that reno...it's going to do SFA to get money flowing through the economy. It's another Scott Morrison marketing gimmick.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NSW to begin works on 'largest investment in water structure since WWII' | Sky News AustraliaNSW Water Minister Melinda Pavey says the commencement of work on three major dam projects “could not be more timely” given the need to create jobs and get the economy moving. \n\nThe NSW government has introduced new legislation around requirements for water ownership and trades as works on three major dam projects are set to begin across the state. \n\nMs Pavey said, “works will officially start on the Dungowan Dam expansion project in Tamworth and the Wyangala dam wall raising scheme by October”. \n\n“These projects will be so good for jobs in Tamworth and in the region surrounding the Wyangala dam,” she said. \n\n“We are talking about probably the biggest investment in water structure since World War Two”.\n Good. Needs to be owned by the people and not financified. Used to create a diverse and productive economy. No oligopolies and mercantile class concentrating profits and socialising the losses to Australians. We need real leaders And than watch them sell it to multinationals It will be interesting to see how the NSW Government can produce more water in a country getting hotter and drier.
Source: SkyNewsAust - 🏆 7. / 78 Read more »