$25,000 HomeBuilder Grant for New Homes
The Federal Government has announced its HomeBuilder stimulus to support the housing and construction sector. The grant will help with the construction of new homes over the next six months.
The HomeBuilder grant will give Australian home buyers access to a $25,000 grant to go towards the cost of building a new home (including land) up to the value of $750,000.
Effective immediately, HomeBuilder is available to couples with a combined income of less than $200,000 per year and individuals earning less than $125,000 per year, for contracts entered into before 31 December 2020.
Buying your first home?
HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home and will complement the existing NSW First Home Owner Grant.
Additional state-based incentives
In addition to the Federal Government’s New Home Buyer Scheme, first home buyers in New South Wales may also be eligible for a concession or exemption on stamp duty plus as $10,000 towards the purchase or build of a new home. Conditions apply and applicants must meet certain requirements.
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