Great news for FIRST HOME BUYERS and those looking to buy and renovate a house or purchase house and land packages!
Prime Minister Scott Morrison confirmed Australians will be able to access grants of $25,000 for home renovations between June and December 2020 to combat the negative effects the lockdown has had on the construction sector. This much needed initiative will not only provide a necessary boost to the construction industry but further support First Home buyers to enter the property market through the construction of their dream home.
Am I Eligible?
The grant is available to the following Australians;
- Single Applicants who earn less than $125,000 a year
- Couples who earn up to $200,000 a year (combined)
- Renovations must cost between $150,000.00 – $750,000.00 with the final value of the property under $1,500,000.00
- Property must be your principal place of residence and not an investment
Speak to the team at Conveyancer.com.au today for a free House and or Land Contract Review!