HomeBuilder Grants (2020 – Corona-virus/COVID-19)

Updated 2022 – This application is no longer relevant as the application is closed, not unless you have a pending application you will not be eligible for the Grant.

Want to received $25,000 from the State Government to build you new home? The “Home Builder”grants was announced by the Treasury of Australia in the effort to boost our Australian’s economy in response to the Coronavirus pandemic.

This article provide a summary of the condition to receive the grant. For full detail and in depth information, please contact the Treasury of Australia and your State government.

Treasury of Australia: https://treasury.gov.au/coronavirus/homebuilder

1. Receive $25,000 in grants directly to nominated account if approved.
2. For Owner-occupiers only (no investment property)
3. Construction must commence within 3 months of contract date.
4. Can use together with First Home Owner Grant, First Home Buyer and other concession if applicable.
5. Pass income-threshold (earning less than $125,000 per annum for individual and $200,000 per annum for couple.)
6. Signed contract construction between 4th of June 2020 to 31st of December 2020.
7. Value of the property is less than $750,000.

The grant is also applies for property that is substantially renovated ($150,000 to $750,000 in cost).

Details of the Application progress, approval stage and procedure in the state of Victoria is unknown. Depending on the numbers of application that the State government will be receiving, the grant may not ever be approve for, whether it due to “First in line”, or “Insufficient funds available”.

Should you require this funds to complete your settlement and/or construction, you must account for a situation where you do not receive the grant at all. The announcement of this grant was sudden, many State did not have the details ready until 2 to 3 weeks after the announcement. As of the 19th of June 2020, no state have an application forms or make it possible through the Duties System.*

Application form has not yet available and any application must be done through email or mail. Many of which currently just redirect back to the Treasury office. Please refer to your individual state for updates, their website link can be found below.

Victoria (VIC)	https://www.sro.vic.gov.au/news/homebuilder-grants-eligible-owner-occupiers
New South Wales (NSW)	https://www.revenue.nsw.gov.au/news-media-releases/covid-19-tax-relief-measures/homebuilder-program
South Australia (SA)	https://www.revenuesa.sa.gov.au/generic-pages/news-articles/homebuilder-program
Western Australia (WA)	https://www.wa.gov.au/service/community-services/grants-and-subsidies/apply-new-home-construction-grant
Queensland (QLD)	(no details)

*Base on a brief overview of the information available to the respective website.