{"id":25739,"date":"2020-06-13T09:20:07","date_gmt":"2020-06-12T21:20:07","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=25739"},"modified":"2020-06-13T09:20:07","modified_gmt":"2020-06-12T21:20:07","slug":"short-lift-of-suburbs-will-benefit-from-homebuilder-scheme-watch","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/short-lift-of-suburbs-will-benefit-from-homebuilder-scheme-watch\/","title":{"rendered":"\u2018Short lift\u2019 of suburbs will benefit from HomeBuilder scheme | WATCH"},"content":{"rendered":"

PHOTO: HomeBuilder scheme<\/strong><\/p>\n

REA Group Chief Economist Nerida Conisbee<\/a> says the price ceiling on the Coalition\u2019s HomeBuilder scheme<\/a> to incentivise builds of new houses or renovations will exclude many homes and suburbs \u2013 particularly in large cities.<\/p>\n

Ms Conisbee said there was \u201cquite a short list\u201d of suburbs which could benefit especially given rental housing and investors aren\u2019t eligible.<\/p>\n

\"home<\/a><\/div>\n
\n
\n

Where home prices are still rising<\/a><\/h2>\n<\/header>\n<\/div>\n

The HomeBuilder scheme offers eligible owner-occupiers a grant of $25,000 to build a new home or substantially renovate an existing home. Ms Conisbee said the short timeframe of the plan would; however, produce a \u201crush\u201d of activity and generate employment while dodging a rise in the housing market. \u201cIf you give people more money to buy homes, it does push up pricing, and given how unaffordable housing is in Australia, that\u2019s not something we want to do.\u201d<\/p>\n