Powered by momentummedia
nestegg logo
Powered by momentummedia
Powered by momentummedia
nestegg logo
nestegg logo

 

 

Invest

PM to give grants for home renovations

  • June 01 2020
  • Share

Invest

PM to give grants for home renovations

By Cameron Micallef
June 01 2020

Prime Minister Scott Morrison has outlined more of his plan to get the economy moving again post-COVID-19, with the construction and entertainment sectors likely to get an economic boost.

home renovations

PM to give grants for home renovations

author image
  • June 01 2020
  • Share

Prime Minister Scott Morrison has outlined more of his plan to get the economy moving again post-COVID-19, with the construction and entertainment sectors likely to get an economic boost.

home renovations

Under the recovery plan, new household construction and major renovation projects could get a grant from the government.

The plan could also see households given cash to spruce up their own home, with grants for renovations likely to help kickstart the construction sector.

During an interview with the media, Mr Morrison said it will support jobs, although he highlighted the dangers from a health and safety perspective as well as people trying to rort the system. 

“We are more interested in larger projects and new home builds because, as you get beyond September, we are looking at a bit of a drop-off.

Advertisement
Advertisement

“Another thing about these sort of projects is that you’re going to get more of your local tradies in,” Mr Morrison said. 

He also announced major funding projects, including an earlier start on Sydney’s second airport metro line.

“We will start it this year. We are both excited about that. A big part about coming out of the COVID-19 crisis is our infrastructure spending,” he said.

“Getting these big projects moving even more quickly is something that states, territories and the Commonwealth have been working together [on],” Mr Morrison noted.

Mr Morrison also said that the entertainment industry will likely receive a timely boost through targeted assistance.

“We are still working on those things. One of the challenges will be the entertainment sector will find it difficult to get capital moving again because they have had to draw down so significantly, so getting started will be hard.”

“We are looking at issues like that. We are looking at the film industry, and we want to ensure we are getting those sectors moving again,” Mr Morrison concluded.

PM to give grants for home renovations
home renovations
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

About the author

author image

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

more on this topic

more on this topic

From the web

Recommended by Spike Native Network

More articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.