HomeBuilder grant changes and extension

HOMEBUILDERS IN Tasmania can obtain $35,000 in State and Federal grants with the scheme being extended until 31 March this year.

Amounts and criteria have slightly changed from those of 2020 but the grants will be available for contracts entered up to 31 March.

The Minister for Finance, Michael Ferguson, said all new home builds will have six months to commence construction.

Builders registered up to 29 November 2020 will be eligible under both schemes.

As of the end of November last year, 858 applications for the Federal HomeBuilder Grant were received, 736 of the appli- cations were for new home builds and 122 were for sub- stantial renovations.

The Tasmanian HomeBuilder Grant scheme received 530 applications.

A further 206 first home builders had applied for the First Home Owner Grant, in conjunction with the HomeBuilder Grant.