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The Grattan Institute has continued its noble attack of the Morrison Government’s HomeBuilder subsidy for new homes and renovations, labelling it “bad economics”:
The $688 million program offers $25,000 cash grants for homeowners to upgrade or build their homes in a bid to support the residential building industry through the pandemic.
Owners are required to spend a minimum of $150,000 on their projects and to have a single income of up to $120,000 or a combined income of up to $200,000.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.