In Industry

Tasmania Minister for Finance Michael Ferguson

HomeBuilder Grants Bill To Be Introduced

Victor P Taffa

This week in Parliament, the Tasmanian Government will introduce the HomeBuilder Grants Bill 2020, Minister for Finance Michael Ferguson said.

This Bill provides for the implementation and administration of the Tasmanian Government’s $20,000 grant and the Federal Government’s $25,000 grant.

With both Commonwealth and State grant programs, it means Tasmanians can potentially access up to $45,000 for their new build, making it one of the best places in Australia to build a home.

These grants will assist the residential construction market by encouraging the commencement of new home builds and renovations this year. Aside from additional housing outcomes, this policy is protecting and creating jobs as we rebuild Tasmania’s economy.

Nearly 500 Tasmanians have already expressed interest in the State’s HomeBuilder Grant.

We have worked closely with the Federal Government to ensure both HomeBuilder Grant programs are complementary and simple for application.

This is one component of the Tasmanian Government’s $1.8 Billion infrastructure package, which will underpin and support an estimated construction value of $3.1 Billion across the next two years, stimulating investment in the private sector, strengthening the economy and creating thousands of jobs.

“Best way to get our budget back on track, grow business confidence and create those jobs is to grow the economy, which is exactly what this Bill aims to achieve.” Minister Ferguson said.

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