Prebuilt
08–07–2020

HomeBuilder Program

The Federal Government has recently announced the $680 million HomeBuilder grant program where eligible Australians will be offered $25,000 grants to build a new home or start a major renovation. 

As a Registered Builder, Prebuilt can help you with a new build under the current HomeBuilder grant guidelines.


 

Are you eligible?

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 taxable income or later;
or
$200,000 per annum for a couple based on both 2018-19 taxable income or later.
• you enter into a building contract between 4 June 2020 and 31 December 2020 to either:
build a new home as a principal place of residence, where the property value does not exceed
$750,000; or
substantially renovate your existing home as a principal place of residence, where the
renovation contract is between $150,000 and $750,000, and where the value of your existing
property (house and land) does not exceed $1.5 million (pre-renovation);
• construction must commence on or after 4 June and within three months of the contract date.

More info: 

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