Data from the Australian Treasury shows that nearly 500 applications for the federal government’s HomeBuilder grant were approved each week in November, compared with fewer than 20 per week in July. The Treasury now expects 40,000 applications for the grant to be submitted by the end of December, well above the initial forecast of just 27,000.
From The Australian:
Figures obtained by The Australian show uptake of the government subsidy has already exceeded the initial Treasury estimate of 27,000 by December 31, and is expected to hit 40,000 — 50 per cent higher than forecast — by the end of the year…
