Australian housing stimulus package announced

Friday 12 Jun 2020

The Australian Forest Products Association (AFPA) has welcomed the Federal Government’s announcement of the AU$688 million Homebuilder Program and is calling on recipients to back their fellow Australians by ensuring their new home is built with locally grown and processed timber products.

The Homebuilder program which provides up to AU$25,000 in grants for new homes and major renovation comes after calls for a stimulus package from industry, AFPA and the housing and construction industry.

The Chief Executive Officer of AFPA Ross Hampton said, “New home buyers can not only access this AU$25,000 federal grant but can complement that with the range of state-based incentives, providing in some places up to AU$50,000 in total Government support. This is a wonderful opportunity for Australians to make the leap into a new dwelling – be it first home or not. The key to making this package work for our whole community is for those thousands of purchasers to prioritise the use of local products – from Aussie timber framing, to Aussie windows, bricks and furnishings.”

For further coverage on the announcement, see the video clip below.

Source: AFPA, SkyNews

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