Home Builder Program

Home Builder Program

“The HomeBuilder program is a grant for owner-occupiers to build a new home or substantially renovate an existing home.”

HomeBuilder program extended

The Australian Government confirmed that the grant of the HomeBuilder program would be extended to 31 March 2021.  The grant was initially available until 31 December 2020.

The grant may be used to:

• Build your new home
• Renovate your current structure

Application must be submitted by 14 April 2021 to the relevant State Revenue Office.

Eligibility Requirements

Owner-occupier applicants must be a natural person, aged 18 years or older at the date of contract, and an Australian Citizen at the date of application. Applicants must also below one of the two income caps:

• For an individual: $125,000 per annum based on either your 2018-19 or 2019-20 taxable income.
• For couple: $200,000 per annum for a couple based on either your combined 2018-19 or 2019-20 taxable income.

For more information about remaining program eligibility criteria, visit HomeBuilder Article.