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.
• 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