HomeBuilder scheme extended, price caps increased for Vic, NSW homes
More than 6800 Victorians have applied for HomeBuilder grants with more than 5560 intending to use the money to build new homes.
Mr Sukkar said the scheme had stimulated the economy during the pandemic, and kept tradies in work.
“There is no better proof of HomeBuilder’s success than the latest Housing Industry Association’s new home sales data, which shows sales are 31.6 per cent higher in the three months to October 2020 when compared with the same time last year,” Mr Sukkar said.
Builders had been inundated by demand, he said.
Labor’s housing spokesman Jason Clare said the federal opposition had been calling for the scheme to be extended for months.
“These changes will help, but they are still not enough to stop the housing construction industry shrinking,” he said.