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.

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.