As you have no doubt seen in the news, the Federal Government
announced a nationwide $25,000.00 HomeBuilder program grant to help
stimulate the economy during the COVID-19 pandemic.
What does this mean if you reside in NSW? This means that if you
have entered into a building contract dated between 4 June 2020 and
31 December 2020, you may be eligible for the grant.
In order to be eligible, you must either:
- Must be over the age of 18 and an Australian citizen
- "Substantially renovate" an existing home.
("Substantially renovate" means to renovate an existing
home for a minimum expenditure of $150k, with a maximum expenditure
of $750k, provided that on completion of the renovations, the
overall value of your property does not exceed $1.5million)
