HomeBuilder program provides eligible owner-occupiers (including first home buyers) with a grant to build a new home or substantially renovate an existing home. HomeBuilder assists the residential construction sector by encouraging the commencement of new home builds and renovations.
On 29 November 2020, the Government announced an extension to the HomeBuilder program to 31 March 2021.
Changes to the HomeBuilder program include:
Other than the above, the existing program criteria applies. That is, the other existing eligibility criteria remains in place and the $25,000 grant will still be made available for eligible contracts signed on or before 31 December 2020.
You can register to receive updates on HomeBuilder program when more information is available through this form.
|HomeBuilder program criteria||Contracts signed between 4 June and 31 December 2020 (inclusive)||Contracts signed between 1 January and 31 March 2021 (inclusive)|
|Grant amount (new builds and substantial renovations)||$25,000||$15,000|
|Construction commencement timeframe||Construction must commence within six months of the contract being signed.|
|New build price cap||Property value cannot exceed $750,000|
Property value cannot exceed:
|Substantial renovation price cap||The value of the property cannot exceed $1.5 million (pre renovation).|
|Application deadline||Applications must be submitted to the relevant State Revenue Office by 14 April 2021.|
|Licensing requirements for builders/developers|
|Other eligibility criteria||Existing program eligibility criteria remains.|
|Total Applications as at 20 November 2020*|
|New build||Substantial renovations||Total|
Data source: preliminary data reported by States and Territories; data is subject to revision by States and Territories.
Applications have not necessarily been assessed for eligibility.
Application processes may differ across States and Territories, limiting cross-state comparisons.
*Date online applications opened: Tasmania (6 July); Western Australia (24 July); New South Wales, Victoria, Queensland, South Australia and the Northern Territory (9 August); Australian Capital Territory (14 August).
Acura Developments Servicing Brisbane and the Bayside
Even as Restriction are lifting Acura Developments are Managing the risks of exposure to COVID-19 for both our Client and our employees. We are stringently following all the advice and requirements outlined by Safe Work Australia Including but not limited to:
You can download the Building and construction industry: Minimising the risk of exposure to COVID-19 h or visit this link Safe Work Australia. A Business resource kit can also be downloaded here: Business resource kit – COVID-19 .
We are all going through unprecedented times with COVID-19 virus threatening our very way of life. We find ourselves temporarily separated from our families and communities. Acura Developments want you know that we remain at close hand, and we are ready to help and assist with any of your requirements.