01/12/2020
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
4th June – 31st December, 2020
$25,000 Federal Govt HomeBuilder Grant
$15,000 Queensland Govt First Home Owners Grant
$5,000 Queensland Govt Regional Building Boost
1st January – 31st 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. |
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New build price cap |
Property value cannot exceed $750,000 |
Property value cannot exceed:
|
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Substantial renovation price cap
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The value of the property cannot exceed $1.5 million (pre renovation). |
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Application deadline |
Applications must be submitted to the relevant State Revenue Office by 14 April 2021. |
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Licensing requirements for builders/developers |
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Other eligibility criteria |
Existing program eligibility criteria remains. |
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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