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 or $15,000 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
  • For the $25,000 grant: 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 doesn't 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 doesn't exceed $1.5 million
  • For the $15,000 grant: you enter into a contract between 1 January 2021 and 31 March 2021 to either:
  • Build a new home as a principal place of residence, where the property value doesn't exceed:
    - $950,000 for dwellings in NSW
    - $850,000 for dwellings in Victoria, or
    - $750,000 for dwellings in all other states; or
  • Substantially renovate an existing home as a principal place of residence, where the renovation contract is greater than $150,000 and doesn't exceed $750,000, and where the value of your existing property doesn't exceed $1.5 million (pre-renovation)
  • Construction must commence within 18 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.

In NSW from 1 August 2020 and for a 12-month period, the threshold above which stamp duty is charged on new homes for first home buyers increased from $650,000 to $800,000, with the concession reduced on higher values before phasing out at $1 million. The stamp duty threshold on vacant land rose from $350,000 to $400,000 and phases out at $500,000. Note: these threshold changes only apply to newly built homes and vacant land in NSW.

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

Our comprehensive guide to understanding the process of building a new home

Download Construction Loan Guide (PDF)

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.