The Homebuilder Grant

HomeBuilder grant guidelines

On 29 November 2020, the Australian Government announced an extension to the HomeBuilder program to 31 March 2021, with a number of changes to the grant amount and eligibility criteria.

Key Dates

  • 4 June 2020 – 31 December 2020 – enter into a contract between these dates to build a new home, substantially renovate an existing home or buy an off the plan home/new home to be eligible for the $25,000 grant
  • 1 January 2021 – 31 March 2021 – enter into a contract between these dates to build a new home, substantially renovate an existing home or buy and off the plan home/new home to be eligible for the $15,000 grant
  • 14 April 2021 – all applications, irrespective of when the eligible contract was signed, must be submitted within the HomeBuilder application portal by this date.

While applications must be submitted by 14 April 2021, it does not mean that all supporting documents must be uploaded by then. You can continue uploading your supporting documents, as they become available, beyond 14 April 2021

HomeBuilder Applications

The application form and lodgement guide are provided as a guide to assist in preparing your application for lodgement via the online portal.

Applications must be received by no later than 14 April 2021.

Applicant(s) can lodge their application in a multi-step process with the initial lodgement being after an eligible HomeBuilder contract has been entered into.

Once commencement of construction and the payment eligibility requirements milestones have been met, any additional supporting documentation should be lodged via the online portal.

Apply for HomeBuilder

About HomeBuilder

HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant to build a new home, substantially renovate an existing home or buy an off the plan home/new home.

The Australian Government has extended HomeBuilder to 31 March 2021, HomeBuilder will provide a $15,000 grant for eligible contracts entered into on or after 1 January 2021 until 31 March 2021 (inclusive). A $25,000 grant is available for eligible contracts entered into on or after 4 June 2020 up to and including 31 December 2020.

The Australian Government HomeBuilder Grant is subject to the provisions of the National Partnership Agreement between the New South Wales Government and Australian Government.

HomeBuilder complements Revenue NSW’s existing First Home Owner’s Grant (New Home) Scheme and First Home Buyers Assistance Scheme.

On 29 November 2020, the Australian Government announced an extension to the HomeBuilder program  to 31 March 2021.

Changes announced to the HomeBuilder program on 29 November 2020 include

  • A $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive
  • An extended deadline for all applications to be submitted, including those applying for the $25,000 grant and the new $15,000. Applications can now be submitted up until 14 April 2021(inclusive). This will apply to all eligible contracts signed on or after 4 June 2020
  • An extension to the construction commencement timeframe from three months to six months for all HomeBuilder applicants. This will apply to all eligible contracts signed on or after 1 January 2021, but will also be available backdated and apply to all contracts entered into on or after 4 June 2020
  • An increase to the property price cap for new build contracts to $950,000 where the contract is signed between 1 January 2021 and 31 March 2021, inclusive
  • A change in licensing requirements and registration for builders and developers, as below
    • Where an eligible contract is signed on or after the 29 November 2020, the builder or developer must have a valid licence or registration before 29 November 2020
    • Where an eligible contract is signed before 29 November 2020, the builder or developer must have a valid licence or registration before 4 June 2020.

Other than the above, the existing program criteria applies. That is, the other existing eligibility criteria remains in place and the $25,000 grant will still be made available for eligible contracts signed on or before 31 December 2020.

 

Information will be available soon.

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