Federal Government Housing Package

The ‘HomeBuilder’ program has announced that they will provide eligible owner-occupiers (not just first home buyers) with a sum of $25,000 to build a new home or renovate an existing home. This will assist the residential construction market during the COVID-19 pandemic.

  • Those who are eligible must have a contract which is entered between the 4th of June 2020 and 31st of December 2020

  • The commencement of new home build or renovation must begin within three months of the contract date

How do I know if I am eligible?

  • If you are an Australian Citizen, individual (not a company or trust), over the age of 18 earning $125,000, or couples earning a combination of $200,000 based on 2018/19 tax return, then you will be able to receive the grant

  • If building a new home, the house and land must be valued up to $750,000

  • Renovations must be valued between $150,000 and $750,000, with the dwelling not valued more than $1.5 million before the renovation

How do I apply?

  • Once the states government has signed the National Partnership Agreement, applications will be placed between 4th of June and 31st of December

  • Further information will be available in the near future

#governmentgrant #newhomebuild #houserenovation #adelaidebuilders #southaustraliabuilder #completeconstruct

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