Housing Industry Association (HIA) welcomed the release of important final touches to the Federal Government’s HomeBuilder scheme. These details would clarify questions builders & home buyers are curious to know since the scheme was announced on 4 June 2020.
Three Key Refinements to HomeBuilder are as follows:
- Allowing the required time for home buyers to organize their finance approvals, building approvals & meet other legal obligations before the commencement of the work.
- Clarification stating sales agreement for a home purchased off the plan shall be entitled in the similar way as a building contract.
- Aligning the process with the current timing of payments for first homeowner grants for new homes.
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