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ARTICLE · 09 SEPTEMBER 2020

COVID-19 – Homebuilder Grant

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Discusses $25,000 HomeBuilder grant designed to help the residential construction market get through the COVID-19 pandemic.

AustraliaReal Estate and Construction
Katrina Mariani
Katrina Mariani
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The Australian Government has introduced a $25,000 HomeBuilder grant to help the residential construction market get through the COVID-19 pandemic for the period between 4 June 2020 to 31 December 2020.

This $25,000 grant applies to:

  • Building contracts to build your new home with a combined house and land value of not exceeding $750,000.
  • Building contracts with a registered builder for renovations to your home of a value between $150,000 and $750,000, provided your home does value does not exceed $1.5m. This includes a "knock down / rebuild" of your existing home.
  • Contracts to purchase your new home off-the-plan where the value does not exceed $750,000 and construction did not start prior to 4 June 2020. Completion of your purchase of this off-the-plan home must be settled no later than 31 October 2022.

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