Whether it’s building a new home or kick starting that long-awaited renovation, the HomeBuilder grant helps eligible owner-occupiers reach their home ownership goals.
HomeBuilder is a new tax-free grant from the Federal Government of $25,000, designed to stimulate the residential construction market in response to changing housing conditions caused by COVID-19.
The scheme supports new home builders and those undertaking substantial renovations to an existing home. Homebuilder is available to home owner-occupiers for a limited time only. Eligible building contracts must be signed between 4 July 2020 and 31 December 2020 and construction or renovation work must kick-off within three months of the signed contract date.
HomeBuilder can be accessed by all owner-occupiers (including first home buyers and established home buyers) provided the eligibility criteria is met. The one-off grant payment is not available for owner-builders or investment properties.
To receive the HomeBuilder grant, you’ll need to:
You may be asked for some of the following documents:
More information on the documentation you will need to provide will become available through the relevant State or Territory authority.
You can register to receive updates when more information is available on the Treasury Coronavirus website: https://treasury.gov.au/coronavirus/homebuilder
Kick start your homeownership goals. Find out more about eligibility and how much you can borrow. One of our friendly staff will be in touch to take you through our lending options.
Build your dream home with a Construction Loan from People’s Choice. Choose from a range of Construction Loan options to best suit your needs:
* effective from 1st July 2020
The construction period of your loan will be interest only. You have the option of applying for a further interest only period at the end of your construction period, otherwise the loan reverts to principal and interest repayments.
See how much you could put towards your new home with a range of Government schemes and grants currently available.
Information correct as at 22/06/2020. Government schemes and grants may change from time to time. You should always check the relevant government website to determine the current entitlements, qualifying criteria and application process. Grants may also vary, depending on your individual circumstance.
Terms, conditions, fees, charges and lending criteria apply and are available on application.
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