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Tasmania first state to accept HomeBuilder applications

The Treasury has announced that, despite some initial hesitations, every Australian state and territory are now signatories to the HomeBuilder scheme.

Tasmania is already accepting applications, becoming the first state to do so.

ACT will provide information on how to apply next Monday, while QLD has promised information “shortly”. Other states are expected to follow suit.

The $25,000 grant has already led to a boom in new home inquiries, since being announced on June 4.

The $688 million HomeBuilder package is available to owner-occupiers who sign a contract to start building, or substantially renovating, their property between June 4 and the end of the year.

Ken Morrison, Chief Executive of the Property Council, warned that the deadlines on building meant the various governments need to step up.

“[It’s] important for state and territory governments to make sure their titles, planning and building approvals systems are ready to facilitate the new construction activity this scheme will help generate, particularly given the requirement for construction to start within three months of contracts being signed,” Mr Morrison said.

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Nathan Jolly

Nathan Jolly was an in-house journalist with Elite Agent. He worked with the company from July 2020 to December 2020.