Australia will give eligible residents A$25,000 ($17,323) to build or significantly renovate their homes, Prime Minister Scott Morrison said on Thursday, as Canberra moves to revive a construction sector badly affected by the coronavirus pandemic.
FILE PHOTO: A tradesman uses a nail gun on the framework of a new house on the outskirts of Melbourne August 3, 2010. REUTERS/Mick Tsikas/File Photo
Morrison said the package would support jobs and allow people to build a family home, a long-held dream for many Australians. In 2019, around 1.15 million people were employed in construction, about 9% of the country’s workforce, government data shows.Applicants will have to earn less than A$125,000 if they are single and A$200,000 if they are a couple, with limits on house values and recipients required to spend at least A$150,000 before being eligible.
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