The HomeBuilder subsidy portal in Victoria was officially launched on August 10, and more than 1,000 applications have been received in the past week. As Victoria is in a strict four-level lockdown period, the HomeBuilder subsidy has also specifically extended the time required for Victoria to start construction.
According to news.com.au, the Victorian Minister of Finance Tim Pallas stated that 15,000 people in Victoria have expressed interest in the HomeBuilder project in the past month. These figures emphasize the role of HomeBuilder in supporting the construction industry and young home buyers.
Pallas said: “Victorians who want to receive HomeBuilder subsidies don’t have to worry that they will miss it. The State Revenue Service will postpone the start of work for three months.” According to the new regulations, if Victorians are eligible for HomeBuilder subsidies, they must Work will start within six months after the contract is signed, which is a doubling of the original three-month schedule.
Rebecca Casson, chief executive officer of the Victorian Builders Association, said that if the HomeBuilder plan is postponed, the effect of this subsidy in the next 12 months will be very significant.
