Archive for the ‘Government Grants’ Category

HomeBuilder Scheme Extended

On Sunday November 29, the Federal Government announced the extension of the HomeBuilder program from January 1, 2021 to March 31, 2021.

HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant to build a new home or substantially renovate an existing home. HomeBuilder assists the residential construction sector by encouraging the commencement of new home builds and renovations.

Changes to the HomeBuilder program include:

A $15,000 grant for building contracts … Read the full post »

Institutional Responses to COVID-19

This week, we summarise what is currently on offer for people financially impacted by Coronavirus.

At the start of April, stimulus packages totalled approximately $331.6 billion, or 16.6% of GDP.

Monetary Policy:

Over March, The Reserve Bank of Australia reduced the cash rate, and launched unconventional monetary policy. The RBA have reduced the cash rate to the effective lower bound of 0.25%. The RBA signalled there would be no further reductions to the cash rate, … Read the full post »

REIQ Call on Government to Assist Housing Industry

In the wake of the COVID-19 pandemic, the Real Estate Institute of Queensland (REIQ) is seeking urgent action from the Queensland State Government to assist in maintaining the stability of the Queensland Property Market – worth in excess of over $1 trillion, and directly employing over 50,000 workers, with many more employed in associated industries.  Activity in the real estate sector contributes in excess of $30 billion annually to the … Read the full post »

Federal First Home Buyers Scheme Launched

On January 1, 2020 the Federal Government launched a scheme to assist first home owners to enter the property market with a smaller deposit.

They will assist 10,000 borrowers eligible for the First Home Loan Deposit Scheme to buy a home with as little as a 5% deposit, as opposed to the normal 20%.  The government will provide a loan guarantee of up to 15% of the property’s value to individuals … Read the full post »

GOOD NEWS for First Home Buyers!

This week the Federal Coalition announced a new initiative to assist first home buyers to enter the property market; The First Home Loan Deposit Scheme (FHLDS) will be available to first home buyers who have saved a deposit of at least 5 per cent. This means they won’t have to save for a full 20 per cent deposit, which is often a massive financial stumbling block preventing and/or delaying buyers … Read the full post »