HomeBuilders Grant Program - updated 30 Nov 2020

Who is eligible?

To be eligible for the $25,000 grant, your circumstances must meet the following criteria:

1. you are not a company or trust;
2. you are aged 18 years or more;
3. you are an Australian citizen;
4. you meet one of the following two income caps:
   1. $125,000 per annum for an individual applicant based on your 2018-19 tax return or later; or
   2. $200,000 per annum for a couple based on both 2018-19 tax returns or later;
5. you enter into a building contract between 4 June 2020 and 31 December 2020 to either: build a new home as a principal place of residence, where the property value does not exceed $750,000; or substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing property does not exceed $1.5 million; and
6. construction must commence within six (6) months of the contract date.

To be eligible for the $15,000 grant, your circumstances must meet the following criteria:

1. you are not a company or trust;
2. you are aged 18 years or more;
3. you are an Australian citizen;
4. you meet one of the following two income caps:
   1. $125,000 per annum for an individual applicant based on your 2018-19 tax return or later; or
   2. $200,000 per annum for a couple based on both 2018-19 tax returns or later;
5. you enter into a building contract between 1 January 2021 and 31 March 2021 to either: build a new home as a principal place of residence, where the property value does not exceed $750,000; or substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing property does not exceed $1.5 million; and
6. construction must commence within six (6) months of the contract date.

How does the process work?

HomeBuilder will be implemented via a National Partnership Agreement, signed by the Commonwealth and State and Territory governments. This approach will utilise existing state and territory mechanisms to distribute the HomeBuilder payments.

The ACT Government has now opened a two-part application process to apply for the grant. This is split into Part A and Part B.

Part A

Part A is the initial registration process for the grant and needs to be lodged by the 14 April 2021. This form will require basic information about yourself and the project, including details of the applicant/s, details about the property, contract details and approximate commencement date.

Part B

This is the more details part of the application and needs to be completed by 31^st of October 2022. This response will need to include all the details surrounding the eligibility of yourself, your land, and your project. As such, various aspects of documentation will be required in order to prove eligibility. Details around what ACT Revenue will accept are on their site, links to which are included below.

Important Links

ACT Revenue: https://www.revenue.act.gov.au/covid-19-assistance/homebuilder-grant

Treasury: https://treasury.gov.au/coronavirus/homebuilder

Part A Application Form: https://www.revenue.act.gov.au/covid-19-assistance/homebuilder-registration

Part B Application Form: https://form.act.gov.au/smartforms/servlet/SmartForm.html?formCode=1555