The Gov is giving me 4k....

Discussion in 'Renovation & Home Improvement' started by hammer, 22nd Feb, 2017.

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  1. hammer

    hammer Well-Known Member

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    Anyone who owns a PPOR in the NT can now receive a 4k voucher for home improvement s/Reno's.... Unbelievable!

    Its helicopter money to stimulate the economy.

    The deal is you have to use local tradies/companies to do the job. Fair enough.

    What to do ou guys reckon about this sort of stimulus? Effective? Waste of money?

    Deep in thought as my shiny new patio gets built... :)
     
    hammer, 22nd Feb, 2017
    #1
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  2. BKRinvesting

    BKRinvesting Well-Known Member

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    4K doesn't go far in Reno land...
    Unless of course you are Cherie Barber!

    Either way, free money!
     
    BKRinvesting, 22nd Feb, 2017
    #2
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  3. D.T.

    D.T. Specialist Property Manager Business Member

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    All the tradies like it
     
    D.T., 22nd Feb, 2017
    #3
  4. Xenia

    Xenia Well-Known Member

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    I would take $20 that I didn't have to work for and be greatful.
     
    Xenia, 22nd Feb, 2017
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  5. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Sounds like a good way to stimulate the economy.
     
    Terry_w, 22nd Feb, 2017
    #5
  6. hammer

    hammer Well-Known Member

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    Oh I'm grateful! Feeling very lucky!
     
    hammer, 22nd Feb, 2017
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  7. Ross Forrester

    Ross Forrester Well-Known Member

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    Awesome. That would do a bit for a coesmetic job.

    People would probably spend a bit more than the 4K once they started.

    Doesn't really add to the productive capacity of the state though.
     
    Ross Forrester, 22nd Feb, 2017
    #7
  8. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Better than giving everyone $650 that they go an spend on a chinese produced electronic device. At least it stays local :).
     
    Dan Donoghue, 22nd Feb, 2017
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  9. Scott No Mates

    Scott No Mates Well-Known Member

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    Now they will spend $4k on imported ovens or fixtures or plaster or reo etc.
     
    Scott No Mates, 22nd Feb, 2017
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  10. Glorion

    Glorion Well-Known Member

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    Get in early and find someone reputable. This sort of thing encourages the cowboys to come out and play.
     
    Glorion, 22nd Feb, 2017
    #10
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  11. Biz

    Biz Well-Known Member

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    Can see this being rorted up the bum.

    What's to stop a home owner who's brother is a sparky saying they did 4k worth of rewiring and just pocketing the money without anything being done?
     
    Biz, 22nd Feb, 2017
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  12. hammer

    hammer Well-Known Member

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    Cowboys? In the NT?! Surely you jest!
     
    hammer, 22nd Feb, 2017
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  13. Ted Varrick

    Ted Varrick Well-Known Member

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    Cmon Biz, how about a little creativeness? At least the home owner and his brother can bet $2k each on the nose for Winx to come in....
     
    Ted Varrick, 22nd Feb, 2017
    #13
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  14. Otie

    Otie Well-Known Member

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    Sounds great.
     
    Otie, 22nd Feb, 2017
    #14
  15. dabbler

    dabbler Well-Known Member

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    Surely they could build some new roads ? or do some upgrades ? or give some to upgrade hospitals, schools etc

    I think it is a stupid way to use money & how unfair to renters ?
     
    dabbler, 23rd Feb, 2017
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  16. Scott No Mates

    Scott No Mates Well-Known Member

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    Solution: buy a ppor and get the grant.

    FOMO is everywhere.
     
    Scott No Mates, 23rd Feb, 2017
    #16
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  17. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    The NT Govt scheme seems to compensate up to $4k provided the provider is registered with the scheme (small businesses), the works are approved works and the owner funds at least half. The Govt pays up to 50%. The total works must cost $20K or less to get the $4k.

    Homeowner | Home Improvement Scheme

    Just noted the benefit is only for owner-occupied property.
     
    Paul@PAS, 23rd Feb, 2017
    #17
  18. dabbler

    dabbler Well-Known Member

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    And buy a good job :rolleyes:
     
    dabbler, 23rd Feb, 2017
    #18
  19. Lizzie

    Lizzie Well-Known Member

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    We got $7k five years back when we sold in the "city" to buy in the "country" in NSW
     
    Lizzie, 24th Feb, 2017
    #19
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  20. dabbler

    dabbler Well-Known Member

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    Yeah, I missed that one, if they paid that now I would be gone in a flash......it was also a grant. Some extra grants if you moved a business etc too.

    but

    The govt moved offices to regionals, they also need doctors, teachers, trades etc, they also were aiming to free up a spot in the cities to drop some pressure, it was not just a throw away of cash, it also had strict requirements to be met & if you look at the moving costs, for many that is all it would cover.

    It had a planned purpose and outcome and something I can see would be worthy for both the city people leave and the town people arrived at, bit different to saying here ya go, here is some money for nothing & BTW, is only for those who own a place.
     
    dabbler, 24th Feb, 2017
    #20
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