Victoria's roadmap out of lockdown initially required 80% of people over 16 to have received a double dose before home renovations could resume. 

With the roadmap revised to a 70% rate, that milestone is now estimated to be hit by October 26.

However on Wednesday, Victoria's Chief Health Officer Brett Sutton said there was 'every chance' lockdowns would be lifted by October 22. 

"If we can go faster then there's open consideration for lifting lockdown, we're on track to hit the 70% mark earlier," he said. 

Mr Sutton said an announcement on the end of lockdowns would likely be made this weekend. 

Home renovations set to resume

Lifting of lockdowns in Victoria would mean home renovations can recommence, coming as welcome news to construction companies and home builders.

Housing Industry Association (HIA) Victorian Executive Director Fiona Nield said the reopening of renovations ahead of schedule will provide a much needed boost to the industry. 

“The Government announcement of the reopening of renovations in occupied homes at the 70% double dose vaccination milestone instead of 80% milestone is extremely welcome news for the many thousands of builders and their trades waiting to get back to work," Ms Nield said.

“There are thousands of small building businesses that have been unable to work during the lockdowns, both this year and last year, and this has caused great financial hardship.

“There have also been many families who have been living with partially completed building work in their homes.

“This news will provide welcome relief for all - builders, trades and home owners."  

HIA also said this will include works outside homes, allowing landscaping, painting and other outdoor projects to resume. 

“Including maintenance works in this announcement will also allow for many builders to undertake scheduled maintenance works at recently occupied homes, where a backlog has been created in the last few months”, Ms Nield said.


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Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
5.98% p.a.
$2,978
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application.
Disclosure
5.89% p.a.
5.80% p.a.
$2,962
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Disclosure
5.99% p.a.
6.02% p.a.
$2,995
Principal & Interest
Fixed
$0
$0
60%
  • Owner Occupier
  • Fixed 3 Years
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
  • Competitive rates to help you save
  • A Dedicated Relationship Manager
  • Certainty of repayments with a fixed rate term
Disclosure
5.93% p.a.
5.93% p.a.
$2,975
Principal & Interest
Variable
$0
$395
70%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
Disclosure
More home loans
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning