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A New HomeBuilder $25,000 Grant

Owning a new house has become more of a reality with the announcement of the Federal Government HomeBuilder stimulus scheme for new housing. A grant of $25,000 will allow those looking to enter the housing market achieve their bricks and mortar dream with a financial boost, whether they are a first home buyer or not.

What has been outlined:
  • To be eligible the owner-occupiers (no investors or companies) must build a new home as a principal place of residence where the property value does not exceed $750,000. This includes first home buyers.
  • The contract is signed between 4 June 2020 and 31 December 2020 with construction commencing within three months.
  • Must be an Australian citizen over 18 years of age.
  • Singles must be earning $125,000 annually or less based on 2018-19 tax return or later.
  • Couples must earn $200,000 annually or less based on 2018-19 tax returns or later.
If you are a first home buyer, you are also eligible for the current $10,000 first home owner grant Accolade at Rockbank has a range of house and land packages available. Choose the package that best suits your lifestyle here See the full eligibility HomeBuilder details here