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.
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