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It is hard to deny that the Morrison Government’s HomeBuilder subsidy has given a much needed ‘shot in the arm’ to Australia’s housing construction industry.
Under Homebuilder, the federal government provided $25,000 grants to underwrite the construction of new homes or major renovations for contracts signed before 31 December 2020.
The scheme was later extended to 31 March 2021, albeit at a lower subsidy rate of $15,000.
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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.