Dubbed HomeBuilder, the package worth A$680 million (US$471 million) is Australia’s fourth economic stimulus package as it seeks to repair an economy that is now in its first recession in 29 years. — Reuters pic

SYDNEY, June 4 — Australia will give eligible residents A$25,000 (RM73,697.92) to build or significantly renovate their homes, Prime Minister Scott Morrison said today, as Canberra moves to revive a construction sector badly affected by the coronavirus pandemic.