Have you considered your options with the HomeBuilder grant?
HomeBuilder will assist the residential construction market by encouraging the commencement of new home builds and renovations this year. If you have been considering a new home, or building a home for your children, this is the perfect time 😉
Quoted directly from the HomeBuilder facts sheet is the following:
HOMEBUILDER
Summary
HomeBuilder is a time-limited grant program so you need to act fast, and not think about it too long.
HomeBuilder will provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to
build a new home or substantially renovate an existing home where the contract is signed between
4 June 2020 and 31 December 2020. Construction must commence within three months of the contract
date.
HomeBuilder will complement existing State and Territory First Home Owner Grant programs, stamp duty
concessions and other grant schemes, as well as the Commonwealth’s First Home Loan Deposit Scheme
and First Home Super Saver Scheme.
Eligibity
To access HomeBuilder, owner-occupiers must meet the following eligibility criteria:
• you are a natural person (not a company or trust);
• you are aged 18 years or older;
• you are an Australian citizen;
• you meet one of the following two income caps:
$125,000 per annum for an individual applicant based on your 2018-19 tax return or later; or
$200,000 per annum for a couple based on both 2018-19 tax returns or later;
• you enter into a building contract between 4 June 2020 and 31 December 2020 to either:
build a new home as a principal place of residence, where the property value does not exceed
$750,000; or
substantially renovate your existing home as a principal place of residence, where the
renovation contract is between $150,000 and $750,000, and where the value of your existing
property does not exceed $1.5 million;
• construction must commence within three months of the contract date.
See the Governments official website to answer any questions that you have.
For more information and to get started on your project, fill in your details in our Contact Us tab, or call us on 1300 886 973
