Government heeds MBA’s calls to extend HomeBuilder grant scheme

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The Morrison Government has agreed to expand the HomeBuilder Grant into 2021. Some relevant changes, in essence, are:

  • A $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive.
  • An extended deadline for all applications to be submitted, including those applying for the $25,000 grant and the new $15,000 grant. Applications can now be submitted up until 14 April 2021 (inclusive). This will apply to all eligible contracts signed on or after 4 June 2020.
  • An extension to the construction commencement time frame from three months to six months for all HomeBuilder applicants. This will apply to all eligible contracts signed on or after 1 January 2021, but will also be backdated and apply to all contracts entered into on or after 4 June 2020.

 

The current rules, apart from what’s changed above, will remain the same.

You can read about the 2020 HomeBuilder Grant here.

 

Source: mbansw.asn.au