Applications for both the State and Federal HomeBuilder grants are now open.
The Tasmanian Government’s $20,000 grant and the Morrison Government’s $25,000 grant means Tasmanians can potentially access up to $45,000 for their new home build.
Together, these grants make Tasmania the best place in Australia to build a house right now.
They will also assist the residential construction market by encouraging the commencement of new home builds and renovations this year, stimulating investment in the private sector, strengthening the economy and creating jobs.
Our HomeBuilder Grants Act 2020, which recently passed both houses of Parliament and received Royal Assent today, supports both the Tasmanian Government and the Australian Government’s grants.
We have worked closely with the Morrison Government to ensure the grant programs are complementary, with both to be administered by the Tasmanian Government, making the application and administration as simple as possible.
The Tasmanian HomeBuilder Grant is one component of our Government’s $1.8 billion infrastructure package, which will underpin and support an estimated construction value of $3.1 billion across the next two years.
As we have long said, the best way to get our budget back on track, grow business confidence and create jobs is to grow the economy, and that is what we are doing.