The HomeBuilder scheme is a tax-free grant program that is designed to help eligible owner-occupier (including first home buyers) with a $25,000 grant to help build a new home or renovate an existing one.
Owner-occupiers who are building or renovating a home and meet the following criteria:
You must enter a building contract between 4 June 2020 and 31 December 2020 to either:
Construction must commence within three months of the contract date.
All property types such as houses, apartments, house and land, and off the plan purchases are eligible for this grant as long as the owner-occupier is building a new home or renovating an existing one.
If renovating, property additions that are not connected to the main residence including pools, sheds, courts or garages will not be eligible for this grant.
New build or renovations for investment property will also not be eligible.
Ready to build or renovate? Fornaro are here to assist!
If you’d like to know more about the HomeBuilders Scheme and discuss home loan options to suit your needs, get in touch with us to get started today.