Govt to unveil residential housing stimulus | Sky News Australia

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The federal government will unveil a new homeowner grant in a bid to avoid a 30 to 50 per cent drop in residential construction due to the COVID-19 pandemic, according to Sky News Political Editor aclennell.

The federal government will unveil a new homeowner grant in a bid to avoid a 30 to 50 per cent drop in residential construction due to the COVID-19 pandemic, according to Sky News Political Editor Andrew Clennell.

Traditionally, grants are only available to first homebuyers, but Sky News believes this grant will be accessible across the board. The property section has been hit hard due to the pandemic, with new home sales falling 23 per cent since the lockdown began. Mr Clennell said the announcement will be made this week.

 

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aclennell Welfare nation!

aclennell It's one thing to do that but people still need to be in full time employment to get a bank loan.

aclennell Who’s buying them?

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