The Federal government’s home renovation aid package has come at the ideal time for Kristian Lawrence.
Bottom line:
- House owners must spend at least $150,000 to gain access to HomeBuilder cash
- Contractors say the scheme is desperately required and will protect tasks
- However others in the industry say it’s pitched at the incorrect end of the market
With 2 young daughters, he and his partner Shelley were currently preparing to refurbish their home in the southern Perth suburb of Cockburn, where they have actually lived for the past 7 years.
Mr Lawrence, a drafter, stated the 1980 s-era home required modernising and he had actually been mulling over remodelling prepare for the past year.
” The plans made sense before the scheme was announced and this has simply prompted us to get on with it,” he said.
He said the “generous” scheme, including grants of $25,000 for new builds of approximately $750,000 or renovations in between $150,000 and $750,000, made “terrific monetary sense” for promoting the economy.
But not everybody in the market agrees.
‘ It’s not going to help Joe Bloggs’
Bathroom renovator Gil Hart said the scheme was pitched at the incorrect end of the market and would not help most people.
He stated the average bathroom restoration he undertook typically cost between $11,000 and $12,000, while kitchen area restorations would mainly cost an estimated $12,000 to $25,000
” The average people, where all the work is to our market location, are those people,” he informed ABC Perth.
Mr Hart stated clients were initially delighted to find out subsidies would be av