Finance | 4 June 2020

$25,000 HomeBuilder Grant

by Carlisle Homes

29 November Update: The HomeBuilder Grant has now been extended until March 31, 2021. Read more here

The new HomeBuilder Grant will bring your dream of a brand new home closer. Federal government has just announced a $25,000 grant to support new home ownership and it is an opportunity to get all the benefits of a brand new home for less. 

What has been announced:

To qualify for HomeBuilder, you need to be an eligible owner-occupier (no investors, company or trust purchasers) and be building a new home worth less than $750,000 (including land.) 

Applicants for HomeBuilder must also meet the following income and timing limits to qualify for the scheme.

  • Be Australian citizens over the age of 18
  • Singles must be earning $125,000 or less based on their 2018/19 tax return or later.
  • Couples must have a combined income of less than $200,000 based on their tax returns.
  • HomeBuilder is offered for any contracts entered into between 4 June 2020 and 31 December 2020. The construction of the home must start within 3 months of the contract date.
  • For more information on eligibility, please read the Australian Government HomeBuilder fact sheet here.

And if you are a First Home Buyer, the $10,000 Victorian First Home Buyer scheme remains in place, meaning you could save $35,000 on your new home!

Carlisle has fixed price house and land packages all over Melbourne under $750,000 for those eligible to take advantage of the grant. View packages here.

Carlisle will continue to bring you the latest details on the HomeBuilder grant as it is released.

If you want to be on top of all the latest information, please register here

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