HomeBuilder grants trigger ‘land frenzy’

The Morrison Government’s HomeBuilder subsidy, which gives up to $25,000 to eligible households to build or substantially renovate their homes, has ignited massive surge of buyers of house and land packages, according to agents and developers:

Inquiries have tripled and land sales have gone up by more than 300 per cent since the HomeBuilder scheme was announced on June 4, said Kelly Donaldson, director of First National Margaret River, WA.

“Titled blocks of land around the $160,000 mark have been vacuumed up in the last five weeks,” he said…

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