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ABOUT THE HOMEBUILDER GRANT
The HomeBuilder grant provides individuals and couples with $25,000 towards building or buying a new home or substantially renovating an existing home that they will own and occupy.
ARE YOU ELIGIBLE FOR THE GRANT?
These criteria apply to all persons, whether applying as an individual or as part of a couple.
- You must not have previously received a HomeBuilder grant in any state or territory of Australia.
- You must be at least 18 years of age. (Companies and trusts cannot apply.)
- You must be an Australian citizen at the time you apply.
- Your 2018–19 or 2019-20 annual taxable income must be below:
- $125,000 for an individual
or - $200,000 for a couple.
- $125,000 for an individual
- You will be the registered owner on the title.
- The home will be your principal place of residence after completion or settlement.
- The contract is signed between 4 June 2020 and 31 December 2020 to:
- buy an off-the plan or new home valued at $750,000 or less and construction had not started before 4 June 2020
or - build a new home valued at $750,000 or less (house and land)
or - substantially renovate an existing home, where
- renovations cost between $150,000 and $750,000
and - value of property (house and land before renovation) is less than $1.5 million
- renovations cost between $150,000 and $750,000
- buy an off-the plan or new home valued at $750,000 or less and construction had not started before 4 June 2020