EXTENDED UNTIL 31 MARCH 2021
The Federal Government has recently announced an extension to the HomeBuilder Scheme which will give eligible Australians up to $15,000 to build their new home or substantially renovate an existing home. The contract has to be signed between 1 January 2021 and 31 March 2021, with construction commencing within six months of the contract date. We have a limited number of ready-to-build & registered blocks ideal to meet the eligibility criteria and start construction of your new home within the government timeframes.

To access HomeBuilder, owner-occupiers must meet the following eligibility criteria:

• You are a natural person (not a company or trust)
• You are aged 18 years or older
• You are an Australian citizen
• You meet one of the following two income caps: $125,000 per annum for an individual applicant based on your 2018-19 tax return or later; or $200,000 per annum for a couple based on both 2018-19 tax returns or later;
• You enter into a building contract between 1 January 2021 and 31 March 2021 to build a new home as a principal place of residence, where the property value does not exceed $750,000
• Construction must commence within six months of the contract date.

Are you eligible? Click here to find out more.

Additionally, the HomeBuilder Scheme could complement the existing $15,000 First Home Owner Grant program.

The Queensland First Home Owners’ Grant is a state government initiative to help first homeowners to get their new first home. If your contract is dated 1 July 2018 or later, you can get the Queensland grant of $15,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). The grant is paid per new home; not to each of the applicants for the same home.

To be eligible for the grant:

• You must be at least 18 years of age
• You must be an Australian citizen or permanent resident (or applying with someone who is)
• You or your spouse must not have previously owned property in Australia that you lived in
• You must be buying or building a brand new home
• The value of the home including the land is less than $ 750,000.
• You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months

Click here to find out more.