HomeBuilder Grant Extended

1st December 2020

EXCITING NEWS! The Federal Government HomeBuilder Grant will continue in 2021 with some changes:

From 1st January - 31st March 2021, the Grant will be reduced from $25,000 to $15,000

Construction commencement extended from 3 to 6 months

Valid for all eligible contracts signed on or after the 4th June, 2020

If you're a first home buyer you have until the 31st December to make the most of up to $45,000* in Government Grants... but you'll need to be quick!

HomeBuilder Grant Breakdown

4^th June – 31^st December, 2020
$25,000 Federal Govt HomeBuilder Grant
$15,000 Queensland Govt First Home Owners Grant
$5,000 Queensland Govt Regional Building Boost

1^st January – 31^st March, 2021
$15,000 Federal Govt HomeBuilder Grant
$15,000 Queensland Govt First Home Owners Grant

HomeBuilder Program Criteria

HomeBuilder program criteria	Contracts signed between 4 June and 31 December 2020 (inclusive)	Contracts signed between 1 January and 31 March 2021 (inclusive)
Grant amount (new builds and substantial renovations)	$25,000	$15,000
Construction commencement timeframe	Construction must commence within six months of the contract being signed.
New build price cap	Property value cannot exceed $750,000	Property value cannot exceed: $950,000 in NSW; $850,000 in Victoria; or $750,000 in all other States and Territories.
Substantial renovation price cap	The value of the property cannot exceed $1.5 million (pre renovation).
Application deadline	Applications must be submitted to the relevant State Revenue Office by 14 April 2021.
Licensing requirements for builders/developers	Where an eligible contract is signed on or after the 29 November 2020, the builder or developer must have a valid licence or registration before 29 November 2020. Where an eligible contract is signed before 29 November 2020, the builder or developer must have a valid licence or registration before 4 June 2020.
Other eligibility criteria	Existing program eligibility criteria remains.

Harris Crossing
Sales & Display Centre
6 Broadmeadows Crescent, Bohle Plains
Open: Seven days, 10am – 5pm
Phone: 0455 428 932
Email: [email protected]

Sanctum Estate
Land Sales Office
111 Sanctum Boulevard, Mount Low
Open: Thursday – Monday, 10am – 5pm
Phone: 0467 773 172
Email: [email protected]

SOURCE:
Federal Govt HomeBuilder Grant
Queensland Govt Regional Building Boost
Queensland Govt First Home Owner Grant

*terms & conditions apply, subject to eligibility

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