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Property by CITY BEAT Glen Norris 22nd Apr 2021 7:44 PM Premium Content Subscriber only The HomeBuilder construction boom has created a ticking time bomb as surging costs of material and labour cuts profit margins in the building sector to the bone. Master Builders Queensland deputy chief executive Paul Bidwell says the surge in new home projects sparked by HomeBuilder grants could send more builders to the wall as the price of everything from timber and pipes to plumbers and roofing contractors increases. Bidwell s comments come after award-winning Brisbane builder PlanBuild collapsed earlier this week leaving 40 projects around the city unfinished. He says the average cost of a $300,000 new home in south-east Queensland could increase by up to $30,000, which in many cases could not be passed onto customers by builders. Materials make up about 60 per cent of a building s costs wi ....
Premium Content Subscriber only FIRST-HOME buyers are continuing to lap up the Federal Governmentâs extended HomeBuilder Grant despite the recent $10,000 cutback to the scheme. Deputy Prime Minister Michael McCormack made the revelation on Thursday while touring the site of a new housing development at Ripley. He was accompanied by Senator Paul Scarr, who revealed applications for the grant had doubled since the three-month extension was announced last December. Initially set to conclude December 31, the grant will now wind up March 31. The original $25,000 payment for first home buyers was first was announced in June 2020 in a bid to help revive the struggling sector amid COVID-19. ....
News by Anthony Keane Premium Content  A huge amount of financial firepower is available to help home buyers who know where to look for it. Federal and state government grants and incentives were available before COVID-19 struck, but some have been turbocharged by the pandemic. It s key reason why house prices, building approvals and lending activity are heading higher, but mortgage specialists say buyers first should understand the key details and potential pitfalls. Mortgage broker Rebecca Jarret-Dalton says the assistance currently available includes: ⢠First Home Owner Grants for people buying new property or building a new home. ⢠Stamp duty exemptions or discounts for new homes, which vary between states. ....