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ARTICLE · 06 JUNE 2020

Federal Government new HomeBuilder scheme - Who is eligible?

Holding Redlich
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The Commonwealth HomeBuilder scheme will stimulate work in the construction sector in the wake of the COVID-19 pandemic.

AustraliaReal Estate and Construction

The Australian Government has announced a $680 million HomeBuilder scheme to stimulate work for the construction sector in the wake of the COVID-19 pandemic. From today until 31 December 2020, eligible owner-occupiers - not just first home buyers - will be able to access a tax-free grant of $25,000 to help build a new home, or substantially renovate their current home to improve its accessibility, liveability and safety.

The HomeBuilder scheme will complement existing state and territory First Home Owner Grant programs, stamp duty concessions and other grant schemes, as well as the Commonwealth's First Home Loan Deposit Scheme and First Home Super Saver Scheme.

Eligibility

To be eligible, applicants must be:

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