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New HomeBuilder Stimulus Package

Are you eligible for the new grant?

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A new ‘HomeBuilder’ economic stimulus package announced today provides eligible new home buyers or owner-occupier home owners who carry out substantial renovation projects, including a knockdown rebuild, the opportunity to access a $25,000 grant.

The grant will give support for the housing industry to limit the impact of COVID-19 for the remainder of 2020.

Eligibility Criteria for HomeBuilder

The HomeBuilder grant will be means-tested based on an individual or couples annual income and there will be limits placed on the value of the subject property.

Current information relating to the details and case study examples for the HomeBuilder scheme is available on the Australian Government Treasury website.

Further information on eligibility and application processes for those wishing to access the Commonwealth HomeBuilder grant will be made available shortly through the New South Wales Revenue Office, Revenue NSW. You can also contact Revenue NSW at Home.Builder@revenue.nsw.gov.au or call 1300 130 624.

If you have any questions call 1300 255 999 to speak to an Allcastle Homes sales consultant.

 

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This article will be updated with relevant information as more details come through.
Published on 04th June 2020
Published on 04th June 2020
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