Is ScoMo’s HomeBuilder Package the Real Deal?
The federal government has implemented a number of financial packages to help the nation’s economy through the COVID-19 pandemic. From doubling some government assistance payments, to offering parents free child care, to one off payments to low income households – most of the Morrison governments financial stimulus measures have been relatively well received, but ScoMo’s latest offering has left more than a few scratching their heads…
The new HomeBuilder scheme provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home – but the total renovation must be valued between $150,000 and $750,000 and your property can’t be worth more than 1.5million.
So is this new HomeBuilder scheme the real deal, or does it fall woefully short of expectations?
To find out more we were joined by Geoff Hammer, Adjunct Professor of Architecture at the University of Adelaide