build a new home where the build amount and the value of the land (including any existing structures) is $850,000 or less (including GST) and the date construction commences is within 18 months after you sign the contract, or.buy an off-the plan or new home valued at $850,000 or less (including GST) where construction commences within 18 months of the date you sign the contract (but not before 4 June 2020), or.The contract is signed between 1 January 2021 and 31 March 2021 to: the value of property (home and land before renovation) is less than $1.5 million.renovations cost between $150,000 and $750,000 (including GST).the date construction commences is within 18 months after the date you sign the contract.substantially renovate an existing home, where all the following apply.build a new home where the build amount and the value of the land (including any existing structures) is $750,000 or less (including GST) and the date construction commences is within 18 months after you sign the contract, or.buy an off-the plan or new home valued at $750,000 or less (including GST) where construction commences within 18 months of the date you sign the contract (but not before 4 June 2020), or.The contract is signed between 4 June 2020 and 31 December 2020 to: owned, or will be owned, by you (both dwelling and land).Ī home is only eligible to receive the HomeBuilder Grant once.The home will be your principal place of residence after completion or settlement.You will be the registered owner on the title.Your 2018–19 or 2019–20 annual taxable income must be below:.You must be an Australian citizen prior to 14 April 2021.You must not have previously received a HomeBuilder grant in any state or territory of Australia.Where 2 people are listed on the certificate of title as registered proprietors, they must apply for HomeBuilder as a couple and both applicants must meet the eligibility criteria, including the citizenship requirement. If you are the only person who is listed, or will be listed, on the certificate of title as owner of the property, you must apply as an individual applicant. The HomeBuilder Grant is available to individual applicants and couples who are, or will be, registered as the owner on the certificate of title. There are different guidelines if you are: The Australian Government’s HomeBuilder Grant is subject to the provisions of the National Partnership Agreement between the Victorian Government and the Australian Government. The HomeBuilder Grant complements the existing First Home Owner Grant that is available in Victoria when you buy or build your first new home. Construction cannot have commenced before 4 June 2020. However, it must commence within 18 months of the contract date.
While the eligible contract must be entered into between 4 June 2020 and 31 March 2021 (inclusive), construction need not have commenced before 31 March 2021. A $15,000 grant is available for eligible contracts entered into between 1 January 2021 and 31 March 2021 (inclusive).A $25,000 grant is available for eligible contracts entered into between 4 June 2020 and 31 December 2020 (inclusive).a spec build) and where construction commenced on or after 4 June 2020. A new home is one that has not previously been sold or occupied as a place of residence (e.g. HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant to build a new home, substantially renovate an existing home or buy an off-the-plan home/new home. The deadline to submit supporting documentation for all existing HomeBuilder Grant applications has been extended to 30 June 2025. HomeBuilder supporting documentation deadline extension
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