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TABMA delighted with HomeBuilder extension

HomeBuilder

TABMA CEO David Little is delighted with the news that the federal government has announced the HomeBuilder grant has had the construction commencement requirement increase from six months to eighteen months for all applications signed between the 4 June 2020 – 31 March 2021.

“This extension of the commencement date will assist with the shortages our industry is experiencing, with both building materials and labour,” TABMA’s CEO David Little reported.

TABMA along with fellow industry associations have been lobbying government for the extension to the build time to help ease pressures in the supply chain.

Building approvals have been experiencing record high numbers due to the scheme and record low interest rates. More than 121 000 Australian have applied for the grant.

Treasurer Josh Frydenberg said, “Extending the construction commencement requirement will smooth the HomeBuilding construction pipeline, support jobs in the construction sector, and ensure that existing applicants facing difficulties in starting construction on their new builds and renovations are not denied a HomeBuilder grant due to circumstances outside their control.”

More information on Homebuilder can be found on Treasury websitehttps://treasury.gov.au/coronavirus/homebuilder