$25,000 HomeBuilder Grant Ends Soon!

Landgipps has titled land, and house & land packages available for home buyers to take advantage of the huge Government incentives available right now.

What is the HomeBuilder Scheme?

The HomeBuilder Scheme is a Commonwealth Government grant program designed to stimulate the residential construction market by offering a $25,000 grant to owner-occupier couples and individuals to purchase or renovate a home. 

Do I have to be a first homebuyer to receive the Homebuilder grant?

No. The most exciting feature of the tax-free HomeBuilder scheme is that it is available to all eligible owner-occupiers and not restricted to only first home buyers

Who can save $25k on a new home?

All applicants must meet the following qualifying eligibility criteria for the HomeBuilder grant: 

  • Be an Australian citizen aged 18 years or older and be an individual, not a company or trust. 
  • Have a combined income of less than $200,000 for couples, and $125,000 for single applicants as determined by your 2018-2019 or 2019-2020 tax return. 
  • Build a new property with combined house and land value of less than $750,000 that you will live in as your home. The grant is not available to investors. 

Most importantly, the grant is only available for a limited time. 

  • To qualify for the HomeBuilder you must sign a building contract between 4th June 2020 and 31st December 2020 through a licensed and registered builder. You cannot be an owner builder to access the scheme.
  • Your builder must commence construction within 3 months of the building contract date.

I am a first home buyer, can I apply for more than one grant?

Yes. The HomeBuilder grant is designed to complement existing home owner grants and stamp-duty concessions available to eligible Victorian first home-buyers. 

If you are a first time home buyermay be eligible to receive a $20,000 Regional Victoria First Home Owner Grant on top of the $25,000 HomeBuilder grant; As well as additional cost-saving first home buyer duty exemptions, concessions or reductions. 

Further information and application details here

HomeBuilder Fact Sheet 
HomeBuilder FAQ

Contact Landgipps to discuss how we can help you access the HomeBuilder savings.