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Home Builders Grant

/Home Builders Grant
Home Builders Grant 2020-07-30T05:07:22+00:00

How to apply for the Building Bonus and Home Building Grant

Eligibility for the Building Bonus grant

You may be eligible for the $20,000 grant if you enter into either:
  • a comprehensive home building contract to build a new home on vacant land or
  • an off-the-plan sales contract to purchase a new home in a single-tier development on a strata plan or other land survey type

between 4 June 2020 and 31 December 2020 (inclusive).

If you are an owner builder, you may also be eligible for the grant if you commence construction of the home between 4 June 2020 and 31 December 2020 (inclusive).

You must be the registered freehold owner of the land on which the new home is built and the buyer named in the contract or an eligible transferee on the transfer of land.

New detached home on vacant land

One grant will be paid in relation to each lot of vacant land, regardless of how many homes will be built on the land.

The home to be constructed must be a detached residence.

If the building contract is not in the name of the registered owner of the land, you must provide supporting evidence to establish it is a bona fide arrangement.

Construction must commence within 6 months of the contract date. Construction commences when significant earthworks, excavations or physical building works commence.

If you are an owner builder, the foundations for your home must be laid between 4 June 2020 and 31 December 2020 (inclusive).

New home on single-tier strata plan

One grant will be paid in relation to each home. You may be eligible to receive the grant for each contract you enter into.

This grant does not apply to multi-tier developments or refurbished developments, including those where the original property is extended or renovated.

A single tier scheme is one where the lots or any part of the lots in the scheme are not above or below another lot. The houses can be either detached or non-detached.

Construction must commence within 6 months of the contract date. Construction commences when significant earthworks, excavations or physical building works commence. In certain circumstances this requirement may be extended if commencement is delayed due to unforeseen factors outside the control of the parties.

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Eligibility for the HomeBuilder grant

You may be eligible for the$25,000 grant if you enter into:
  • a comprehensive home building contract to build a new home as your principal place of residence if the value of the house and land does not exceed $750,000 or
  • a contract with a registered builder to substantially renovate your principal place of residence if the renovation contract is between $150,000 and $750,000, and the value of your existing house and land does not exceed $1.5 million or
  • an off-the-plan sales contract to purchase a new home as your principal place of residence if the contract price does not exceed $750,000. Construction can have commenced before the date of the contract as long as the commencement is on or after 4 June 2020.

The contract must be entered into between 4 June 2020 and 31 December 2020 (inclusive).

Construction must commence within 3 months of the contract date. In certain circumstances this requirement may be extended by up to 3 months if commencement is delayed due to unforeseen factors outside the control of the parties.

  • For a comprehensive home building contract or an off-the-plan sales contract, construction commences when significant earthworks, excavations or physical building works commence.
  • For renovations, construction commences when work under the renovation contract commences.

Everyone whose name is or will be on the certificate of title for the property must bean applicant for the grant and must be:

  • a natural person (not a company or trust)
  • aged 18 years or older and
  • an Australian citizen.

Applicants must not exceed the income cap of:

  • $125,000 per annum for an individual based on either your 2018-19 or 2019-20 taxable income, as shown on your notice of assessment issuedby the Australian Taxation Officeor
  • $200,000 per annum for a couple based on either your combined 2018-19or 2019-20 taxable income, as shown on your notice of assessment issued by the Australian Taxation Office.
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When to apply

Apply once you have entered into an eligible contract and have all required supporting documentation. A full list of supporting documents you must attach to your application form. Contact us before submitting this form if you are unable to provide the required documentation.

Building Bonus grant
Comprehensive home building contract to build a new home on vacant land (including owner builder)
  • Apply when the foundations have been laid but no later than 30 June 2021.
  • If there is a home to be demolished, then apply once demolition has been completed.

Off-the-plan sales contract to purchase a new home in a single-tier development

Apply when construction has been completed and you are the registered owner of the property. Construction is taken to have been completed on the date the strata plan is registered, or for other land survey types, when occupation permits and building approval certifications are provided.

HomeBuilder grant

Applications must be received by no later than 31 December 2020.

Comprehensive home building contract to build a new home as a principal place of residence

  • Apply when the foundations have been laid.

Contract with a registered builder to substantially renovate your principal place of residence

  • Apply when you have evidence showing payments of at least $150,000 of the contract price have been made to the builder.

Off-the-plan sales contract to purchase a new home

  • Apply when construction has been completed and you are the registered owner of the property.

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