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HomeBuilder

About HomeBuilder

On 4 June 2020 the Australian Government announced HomeBuilder to provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home, substantially renovate an existing home or buy an off the plan home/new home.

The eligible contract must be signed between 4 June 2020 and 31 December 2020 (inclusive). Construction need not commence prior to 31 December 2020, however, must commence within three months of the contract date. Further, construction cannot have commenced before 4 June 2020.

The Australian Government HomeBuilder Grant is subject to the provisions of the National Partnership Agreement between the New South Wales Government and Australian Government.

HomeBuilder compliments Revenue NSW existing First Home Owner’s Grant (New Home) Scheme and First Home Buyers Assistance Scheme.

For a comprehensive list of FAQ’s follow the link below:

https://treasury.gov.au/sites/default/files/2020-08/HomeBuilder_Frequently_asked_questions.pdf

For further details follow the link below

https://www.revenue.nsw.gov.au/grants-schemes/homebuilder

Wade Cogle