HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. HomeBuilder will assist the residential construction market by encouraging the commencement of new home builds and renovations.
You will be able to apply for HomeBuilder when the relevant State or Territory Government that you live in, or plan to live in, signs the National Partnership Agreement with the Commonwealth Government.
Information on when and how you will be able to apply will become available through the relevant State or Territory revenue office in due course.
Many Australians view housing as an attractive investment seeing it is as a more stable option
than other alternatives. Property investors have achieved strong capital gains as falling interest rates, preferential tax treatment and high immigration levels have supported house prices.
The Great Lockdown continues to turn markets on their head.
Last week, we dug into the unprecedented number of initial jobless claims coming out of the United States, which topped 22 million in a period of four weeks.
It’s just days later, and we already have our next market abnormality: this time, traders were baffled by West Texas Intermediate (WTI) crude — the U.S. benchmark oil price — which somehow flipped negative for the first time in history.
How is that possible? And how does it tie into the COVID-19 oil price crash in general?
Are you concerned about your Social Security (and Department of Veterans’ Affairs) pensions and other income support benefits due to the Coronavirus situation? Recent changes in the value of your investments due to market movements may increase your social security entitlements, or you may become eligible for a benefit.