The Federal Government recently announced its HomeBuilder stimulus program, in support of the construction industry and prospective new homebuyers. From 4 June until 31 December 2020, the HomeBuilder scheme will provide eligible home buyers with a $25,000 grant to put towards the purchase of a brand new home.
For eligible first home buyers, the $10,000 First HomeBuyer Grant may also be on offer – presenting a potential saving of $35,000!
Some of the eligibility criteria for the HomeBuilder incentive is set out as follows -
- Purchaser must be an Australian citizen aged over 18 years.
- Purchaser must enter into a contract to build a new home (up to the value of $750,000 – including house and land) as their principal place of residence.
- Build contract must be signed between 4 June 2020 and 31 December 2020.
- Construction must commence within three months of contract date.
- Purchaser/s must earn taxable income of under $125,000 per year as an individual or a combined taxable income of less than $200,000 per year for couples.
For full eligibility criteria, terms and conditions in relation to HomeBuilder grant and details of how to apply, please click link below to view the dedicated page on the Treasury website.
With the incentive limited to new constructions commencing within 3 months of contract signing, The Maples provides an immediate opportunity to build with a selection of TITLED lots now available!
Contract our sales team today to find out more.
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