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HomeBuilders – Will Glaziers Benefit?

What most tradies are thinking right now is – will we all benefit from the recent HomeBuilder’s grant announced by the Federal Government this week?

And for the majority of tradies this is going to be a good thing to stimulate new building projects moving towards the second half of the year.  The $25,000 grant is offered to eligible owner occupiers to build or substantially renovate an existing home. The scheme is available for contracts entered into through a registered builder from now until the end of the year.

To be eligible for the $25,000 Homebuilder Grant owner-occupiers must:

  • Be on an income of less than $200,000 for couples or $125,000 for singles.
  • Be an Australian citizen aged 18 years or older and be an individual, not a company or trust.
  • Be building a new home worth less than $750,000 (including land value). 
  • Be spending between $150,000 and $750,000 on a renovation for a home that has been previously valued at less than $1.5 million

Check out the FACT SHEET to see how this grant works in addition to existing grants like the First Home Buyer’s grant.

So this cash boost for homebuyers and renovators should provide a much needed boost for the glass and glazing industry in the residential sector.  But it may not be the saviour we hope for after all the devil is in the detail.  Project spend must be a min of $150,000 and be approved by the end of the year so that rules out simple bathroom and kitchen renos. 

Six months is not a lot of time to get building projects approved through local governments and arrange finance through lending institutions. It will be interesting to see whether the federal government will extend past December 2020 and whether the threshold is lowered to include more smaller projects so that it can filter down to grass roots glaziers installing showerscreens, splashbacks and mirrors.

To find out more about how independent qualified glaziers are accessing guaranteed jobs NOT leads check out https://glassontime.com.