$668 Million Home Builder Scheme Unveiled

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$668 Million Home Builder Scheme Unveiled

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

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