Builders in Mackay are preparing to help locals take advantage of any construction incentive the Federal Government may introduce. Rumours have been swirling for some time about the government offering a cash grant for building new homes. It has now gone beyond rumours with the government starting to talk openly about what the grant might be and who would be eligible. The figure of $25,000 is being thrown around a lot, which is enough to make anyone thinking of building a new home step up their game.
There’s no doubt the construction industry is a great way for the government to provide stimulus for the economy. Builders employ a lot of tradespeople but the economic benefit goes far beyond the that. The tradies need supplies and a new home needs turf, furniture, a clothes line, shed, lawn mower, gardening supplies, appliances, insurance, even moving companies.
Eligibility and urgency for cash grant
Cash grants will be more popular and the government won’t be able to keep handing them out forever to everyone that wants one. They will want to make as many people as possible eligible for the grant but they will have to limit the cost to taxpayers. There will certainly be a cut-off and it might be a date on the calendar or it could be an amount. What we have seen with other grants offered during the pandemic is a limited amount in a fund and grants are no longer available when the fund is fully subscribed. In the case of the small business grants in Queensland, this only took a week.
Get ready to act
The best way to ensure you can access the grant is to be ready to act as soon as the grant is announced. That means talking with your trusted builder now and working out the best land option and the home design to suit you. In cases like this, the new Esprit Constructions display home at Richmond Hills is the perfect place to start. Opened only two weeks ago, the Panama 275 contains some great innovations that provide extra value and you can see the entire package. Esprit designs the homes in way that you can make adjustments – even picking up some of the great design sections from the previous displays, the Ali and the Edge. Visiting the display home (it’s open from 10am to 4pm daily) will help get you in a position to take advantage of any building grant that is offered.
