What is the HomeBuilder grant

The HomeBuilder grant is a new program announced by the Federal Government to help Australians get into a new home or renovate an existing property. Eligible applicants will receive a $25,000 cash bonus towards their build.

It’s designed to also help the construction industry in the second half of the year, following the Coronavirus (COVID-19) pandemic.

It’s available to all eligible owner-occupiers, not just first home buyers. Read the rest of the eligibility criteria below.

Am I eligible for the HomeBuilder grant

  • Applicants must be over 18, Australian citizens and applying as individuals (not companies or trusts).
  • The applicants must be owner-occupiers and can’t apply for the grant if they are residential investors.
  • Income caps are $125,000 for individuals and $200,000 for joint-applicants. This is assessed using 2018/19 tax returns or later.
  • Applicants must enter into a building contract between 4 June 2020 and 31 December 2020 and must either:
    • build a new home valued less than $750,000
    • renovate an existing home with construction costs between $150,000-$750,000 and the final value of the property not exceeding $1.5 million.

Other important details

  • The building contract must be made freely by the two parties and must be free from special relationships (e.g. family members).
  • The renovations must be completed by a licensed builder or contractor.
  • Renovations must improve the accessibility, safety or liveability of the dwelling.
  • The grant can’t be used for additions to the property such as swimming pools, tennis courts, outdoor spas, saunas, sheds or garages.
  • Applicants must start construction within three months of receiving the grant.

HOW TO APPLY

  • You can apply for the grant through your relevant State Revenue Office. Each office will be providing further information in the coming weeks on this process.
  • States and Territories will be able to backdate applications to 4 June 2020.

More information

Treasury Homebuilder announcement

Homebuilder factsheet and eligibility (PDF, 144KB)

Homebuilder FAQs (PDF, 169KB)

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