HomeBuilder is a time-limited grant program to help the residential construction market bounce back from the effects of the Coronavirus pandemic.
The Scheme provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home, purchase an off-the-plan property or substantially renovate an existing home where the contract is signed between 4 June 2020 and 31 December 2020.
To access your $25K HomeBuilder grant, you will need to meet the following eligibility criteria:
• Purchase an off-the-plan apartment and exchange contracts between 4 June 2020 and 31 December 2020.
• Your new property value must be capped at $750K.
• You must earn no more than $125K as a single, or $200K as a couple.