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.
- HomeBuilder - Fact Sheet
- HomeBuilder - FAQs
- Updated Fact Sheet - 18 June 2020
- Updated FAQ - 18 June 2020
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.
You might be interested in:
- House & Land packages under $750,000
- New Home Builder Package Offer for knockdown and rebuild renovations
This article will be updated with relevant information as more details come through.