The Federal and State Governments have recently announced the HomeBuilder grant, which offers eligible owner-occupiers (including first home buyers) a grant of $25,000 to build a new home or substantially renovate an existing home. The objective of HomeBuilder is to assist the residential construction industry to bounce back following the Coronavirus crisis.
While the grant is not available for use for renovation of an investment property, there are potential future benefits for investors who may choose to renovate their principal place of residence now.
Carnelian Property Management Newcastle NSW
We are a family-owned and run Newcastle real estate agent offering expert property management across Newcastle and Lake Macquarie.