HomeBuilder grant extended
December 3, 2020
The HomeBuilder grant for eligible owner-occupiers building a new home or substantially renovating an existing home will be extended to 31 March 2021.
The government has announced the following changes to the program:
- Eligible owner-occupiers will receive a $15,000 grant for new build contracts signed between 1 January 2021 and 31 March 2021.
- For new build contracts signed from 1 January 2021, the property price cap will be increased to $950,000 for New South Wales and $850,000 for Victoria.
- The construction commencement deadline will be extended from 3 months to 6 months for all eligible contracts signed on or after 4 June 2020.
The existing program criteria continues to apply, including the new build property price cap of $750,000 for all other states and territories. The $25,000 grant will continue to be available for eligible contracts signed on or before 31 December 2020.