Home Builder Grant
In June 2020 the Prime Minister Scott Morrison announced the Home Builder Grant. A summary of the grant is below:
Grant is $25,000. Paid after first progress claim.
June 4th to Dec 31 entry to contract required.
Can be in addition to first home owners etc
Works $150,000 – $750,000 (= 16% – 3.3% of the project). For a Project home build it is 7-10% so not bad for that market.
No owner builders, pools, sheds, garages or anyone earning more than $125k single and 200K couple.
Only eligible if you would otherwise meet first home owners grant and the property is valued at less than $1.5M.
Access to the scheme is through the NSW Government and more details are available here including how to apply: https://www.revenue.nsw.gov.au/grants-schemes/homebuilder