HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. HomeBuilder will assist the residential construction market by encouraging the commencement of new home builds and renovations this year.
WHAT IS HOMEBUILDER?
WHEN CAN I ACCESS HOMEBUILDER?
HOW CAN I ACCESS HOMEBUILDER?
WHEN WILL I RECEIVE HOMEBUILDER?
AM I ELIGIBLE TO RECEIVE HOMEBUILDER?
To access HomeBuilder, owner-occupiers must meet the following eligibility criteria:
Owner-builders and those seeking to build a new home which will be used as an investment property, or renovate an existing home which is an investment property, will not be eligible for HomeBuilder.
The registered or licensed builder (depending on the state or territory) must demonstrate that the contract price for the new build or substantial renovation is no more than a comparable product (measured by quality, location and size) as at 1 July 2019, if requested by the purchaser.
IS THERE A LIMIT TO HOW MANY PEOPLE CAN GET HOMEBUILDER?
I ALREADY OWN LAND BUT HAVEN’T SIGNED A CONTRACT TO BUILD A NEW HOUSE – AM I STILL ELIGIBLE?
Yes, if you meet the following criteria:
WHAT TYPES OF DWELLINGS ARE ELIGIBLE UNDER HOMEBUILDER?
WHAT ARE THE PRICE CAPS ASSOCIATED WITH HOMEBUILDER?
Contract price cap
Income price cap
Eligible applicants must meet one of the following two income caps:
The income price cap, as well as the eligibility criteria for the applicant, were chosen to reduce complexity as they align with the Commonwealth Government’s First Home Loan Deposit Scheme.
IS A HOMEBUILDER GRANT TAXED?
WHAT RENOVATIONS WILL BE ELIGIBLE?
I AM NOT A FIRST HOME BUYER – CAN I ACCESS HOMEBUILDER?
HOW DO I APPLY?
WHAT DOCUMENTATION WILL I NEED TO PROVIDE?
The State or Territory revenue office will require certain documents to process your application. It is expected that you will need to provide the following at a minimum:
More information on the documentation you will need to provide will become available through the relevant State or Territory authority.
WHEN WILL I KNOW IF MY HOMEBUILDER APPLICATION IS SUCCESSFUL?
WHAT HAPPENS IF MY HOMEBUILDER APPLICATION IS NOT SUCCESSFUL? CAN I APPEAL? WHO SHOULD I APPEAL TO?
WHAT HAPPENS IF THERE IS A CHANGE IN CIRCUMSTANCE AND I’M NO LONGER ELIGIBLE?
WHO PAYS HOMEBUILDER AND WHO RECEIVES IT?
HOW WILL THE GOVERNMENT IMPLEMENT HOMEBUILDER?
WHAT INTEGRITY MEASURES IS THE GOVERNMENT IMPLEMENTING?
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