What is the HomeBuilder Grant?

HomeBuilder is an Australian Government initiative providing eligible home Owner Occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing one.  

Are you eligible for the HomeBuilder Grant?

To access HomeBuilder, Owner Occupiers must meet the following eligibility criteria:

  • You are aged 18 years or older
  • You are an Australian citizen
  • You meet one of the following two income caps:
    • $125,000 per annum for an individual applicant based on your 2018-19 tax return or later, or
    • $200,000 per annum for a couple based on both 2018-19 tax returns or later
  • You enter into a building contract between 4 June 2020 and 31 December 2020 to either:
    • Build a new home as a principal place of residence, where the property value does not exceed $750,000, or
    • Substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing property does not exceed $1.5 million
  • Construction must commence within three months of the contract date.

You can find more information in the Australian Government HomeBuilder Fact Sheet.

How do you apply?

You should contact your relevant State or Territory authority for how and when to apply for HomeBuilder. Each state has its own application process, so check with your local revenue office.

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Other first home buying assistance grants & concessions

First Home Owners Grant

The First Home Owner Grant is a government scheme that was introduced in 2000 to offset the effect of Goods and Services Tax (GST) on buying or building a home. It’s a one-off payment for eligible first home buyers who purchase or build a residential property to live in. Eligibility isn’t based on financial considerations such as your income.

To find out how it works, visit the First Home Owners Grant website.

Stamp duty concessions

Stamp duty is a tax levied by state or territory governments on certain purchases, including buying a home, land, or investment property. Depending on your state or territory, you may be eligible for concessions as a first home buyer.

First Home Loan Deposit Scheme

Own your first home sooner. CommBank is working alongside the Australian Government to help eligible first home buyers with their deposit.

Discover the Scheme

Things you should know

Subject to credit approval. Fees, charges, terms and conditions apply. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice.