The Australian Government is extending the highly effective HomeBuilder programme. HomeBuilder provides eligible owner-occupiers with a grant to build a new home or substantially renovate an existing home.
It came as great news for home buyers when the Australian Government announced the extension of the HomeBuilder grant to March 2021. This grant is available to eligible owner-occupiers (including first home buyers) when building a new home or substantially renovating an existing home.
What is HomeBuilder?
HomeBuilder is a tax-free grant that has been developed by the Australian Government to boost the residential construction market which has been impacted during the Covid-19 pandemic.
Eligible owner-occupiers will be able to access the HomeBuilder grant when building a new home or substantially renovating an existing home. The construction or renovation will need to commence within six months of the contract date.
To learn more about the HomeBuilder grant and view latest announcements visit - treasury.gov.au/coronavirus/homebuilder
HomeBuilder grant amount.
The HomeBuilder grant amount is $25,000 for contracts signed between 4th June 2020 through to 31st December 2020.
Grant Extension Update: The Government has announced an extension of the HomeBuilder grant. From 1st January 2021 through to 31st March 2021 a grant amount of $15,000 will be available to eligible buyers.
Applying for the grant.
For information regarding the eligibility criteria and how to apply, you can visit the State Government websites below. Applications can be completed online.
- New South Wales
- South Australia
We can help.
With interest rates at an all-time low, now is the perfect time to take advantage of this opportunity. To take advantage of the HomeBuilder grant and our Low Deposit Home Solution, please complete our free assessment form at the link below.
Last updated: 3rd December 2020. Click here to view the Government website for more information.