The government is keen to keep the construction sector humming along in the wake of the Corona Virus shut down. It’s no secret that it’s a key plank of our economy. In order to spur things along the federal government is looking to cut you a cheque for $25,000 if you build a new home or undertake a ‘major’ renovation starting between June 4 and Dec 31 this year.
In case you have been living under a rock, it’s called the HomeBuilder Program.
The best news for all of us is this is an uncapped program. Anyone who follows the rules and meets the criteria will get the grant. Unlike the first home loan deposit scheme which has a capped number of applications – which created a bit of a rush, Homebuilder will be granted to every applicant.
You can apply for multiple programs with a single project based on your eligibility – such as state level first home owners grants, stamp duty concessions, First Home Loan Deposit Scheme and First Home Super Saver Scheme.
To be eligible you must
Each state and territory has to sign a partnership agreement with the federal government. We’ll be keeping a close eye on which states sign on and when. Once signed on, the state/territory will backdate acceptance of these applications to 4 June, 2020.
The other key caveat is these grants are not available for investment properties or owner-builders.
The hardest part of accessing this grant is going to be sorting out the finance. Banks are still being fickle with their lending. So be patient and remember we are working to earn you your $25,000. If you are thinking about building or renovating then get in touch. We can help you figure out what the best path to building a new home or renovating your home is going to be, give us a call on +61 07 2143 8230 or contact us today and we’ll help you get it sorted out.
Kobus&WillemienJustin assisted us in buying our first house, in Australia, 10years ago. He just did it again with our second house. Same old story again… Always helpful, always available, always friendly. We didn’t had any stress, he just sorted it and came up with the best results to suit us. What a pleasure to work with. Thanks Justin, you just made it so easy.
Brendan ConquestWe have been working with Justin for almost 10 years and he has always made the process easy and time efficient. Justin’s help to get things over the line is stress free and uncomplicated, he always handles everything with such care and compassion.
We are extremely grateful for Justin’s services and would highly recommend him and the MAP home Loans team to anyone in need of help, advice or guidance with their home loans.
Thank you, Justin!
Timothy RussMy Wife and I worked with Justin to purchase our first home and we couldn’t be happier with the help we received to make our dream a reality. Justin had answer’s to every question and made it very easy to understand how it all works. I highly recommend using Map home loans to take the stress out of buying a house.
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