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HomeBuilder Grant: Everything you need to know

What is the HomeBuilder Grant?

The HomeBuilder Grant is another initiative championed by the Australian Government to help repair our country’s economy by putting dollars in residents pockets and boosting the construction industry.

This new tax-free grant is available to people looking to build a new home or significantly renovate their current home. 

If you want to take advantage of the HomeBuilder Grant, then you must enter a building contract to:

  • build a new principal place of residence where the total value of the home (house and land) does not exceed $750,000 (from January 1st 2021 $850, 000 VIC or $950, 000 NSW); or
  • substantially renovate an existing as your principal place of residence where the renovation contract is between $150,000 and $750,000, and the total value of the home (house and land) doesn’t exceed $1.5 million. 

Importantly, construction of the home must commence within six months of the contract date.  

When is it available and how long will it last?

The new HomeBuilder Grant is available to all eligible applicants who sign their contract between 4 June 2020 and 31 March 2021, and begin construction within 6 months of signing the contract.

What are all the grants & incentives available right now?

Depending on eligibility, there are a number of possible grants and incentives available to people looking to build a new home.

To help you understand what you might be eligible for, have a look at the table below.

QLD
metro

QLD
regional

VIC
metro

VIC
regional

NSW

Grants & IncentivesValue
HomeBuilder Grant from January 1st 2021 until March 31st 2021$15,000
First Home Owners Grant$15,000
Stamp Duty Savings$9,741
Grants & IncentivesValue
HomeBuilder Grant from January 1st 2021 until March 31st 2021$15,000
First Home Owners Grant$20,000
Stamp Duty Savings$9,741
Grants & IncentivesValue
HomeBuilder Grant from January 1st 2021 until March 31st 2021$15,000
First Home Owners Grant$10,000
Stamp Duty Savings$13,973
Grants & IncentivesValue
HomeBuilder Grant from January 1st 2021 until March 31st 2021$15,000
First Home Owners Grant$20,000
Stamp Duty Savings$13,973
Grants & IncentivesValue
HomeBuilder Grant from January 1st 2021 until March 31st 2021$15,000
First Home Owners Grant$10,000
Stamp Duty Savings$9,278
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Take advantage of the homebuilder grant

Get in touch today to make the 31st March 2021 deadline.