$25k HomeBuilder grant stimulates demand for new homes

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The $25,000 HomeBuilder grant has proved very popular, with new home sales jumping 77.6% from May to June, according to the Housing Industry Association.

To be eligible for HomeBuilder, you must:

  • Be an owner-occupier
  • Earn less than $125,000 for singles and $200,000 for couples
  • Build a new home or substantially renovate an existing home
  • Sign the contract before 31 December 2020
  • Start building within three months of the contract date

(Other conditions apply. Click here for more details.)

But beware of buying a property just to access the grant.

The tight December 31 deadline means you might struggle to get a building contract signed with a reputable builder by the end of the year. If you're thinking of utilising this grant, get in touch with our finance team for a free consltation

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