How does the “Homebuilder” scheme work?

$25,000 cash grant must be used for principal place of residence no investment properties.


earning in previous financial year. single : up to $125,000 couples : up to $200,000 combined

must enter contract between june 4 and december 31. work must start within three months of contract date


work must be valued between $150,000 and $750,000

additions must improve accessibility. safety and liveability of the residence eg. no swimming pools, sheds, tennis courts

existing home value cannot exceed $1,5 million


must be valued up to $750,000 including land.

Sumber : 9news