Homeowners Could Be Given Cash to Renovate

By 3rd June 2020News

In exciting news for homeowners and workers the building and construction sector, the federal government has flagged plans to provide cash grants for homeowners to build and renovate.

The ABC is reporting that a package worth over $1 billion is set to be announced, with means-tested grants focused on residential construction and renovations.

Treasurer Josh Frydenberg said earlier this week:

“We recognise that it’s a long supply chain, It’s not just the sparkie and the plumber and the carpenter on the building site, it’s also the timber mill, it’s also the appliance manufacturer for the new kitchen. It’s also those who help with the materials that go into the bathroom.”

With the potential for the grants to stimulate a large number of projects rapidly, concerns have been raised about how the scheme will be rolled out. Many of the current issues in the construction sector such as late payments, tradies not getting paid on time, invoices going unpaid and tradies having to wait months to get paid for their work, could all have an impact on how successful the scheme is.

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