4D DOORS News
HomeBuilder Scheme - $25,000 Home Owner-Occupier Grant
The full details of the Morrison Government's highly anticipated new HomeBuilder grant to support the Australian Economy have been revealed today
With the incredible announcement from the Australian Government today to further support the economy through the HomeBuilder Grant, 4Ddoors as well as many other Australians were left with questions of what this exactly means and looks like for the Construction Industry.
To be eligible for the HomeBuilder grant, owner-occupiers must meet the following criteria:
- - Be an Australian citizen aged 18 years or older and be an individual, not a company or trust.
- - Be on an income of less than $200,000 for couples, and $125,000 for singles.
- - Be spending between $150,000 and $750,000 on a renovation for a home that has been previously valued at less than $1.5 million.
- - Be building a new home worth less than $750,000 (this includes land value).
The HomeBuilder scheme does include all dwelling types such as houses, apartments, house and land packages, off the plan and more. However, the grant will not apply to owner-builders or those who are planning on building a new dwelling or renovating an existing home as an investment property.