Are you interested in applying for the Government's HomeBuilder grant scheme? They have recently clarified many requirements. Learn more from Homeshelf.
On 4 June 2020, the Federal Government announced the HomeBuilder scheme. HomeBuilder is a limited-time grant program that intends to boost the building and construction industry, which has been heavily impacted by the COVID-19 pandemic. The scheme is also expected to have a wider positive impact on Australia’s economic health, providing a significant number of Australians with increased job security.
However, the initial announcement of the HomeBuilder scheme raised many questions, particularly from builders and home buyers. In response to these queries, the Government has released a follow-up announcement, clarifying many people’s initial concerns.
The three key refinements announced include:
All types of dwellings are eligible for the HomeBuilder Grant, including houses, apartments, house and land packages, and off-the-plan. However, the owner-occupier must be building a new dwelling or substantially be renovating an existing dwelling.
There are two price caps for the HomeBuilder Grant. These are:
Yes, as long as all other eligibility requirements are fulfilled.
To be eligible for the HomeBuilder Grant, renovations must be substantial. This does not necessarily mean that foundations, external walls, interior supporting walls, floors or staircases be removed or replaced. However, the renovations should improve upon the liveability or accessibility of the dwelling.
As such, standalone granny flats, swimming pools, tennis courts and other structures that are not connected to the property are not eligible.
Get recommendations, news & insights, and promotion alerts straight to your inbox.