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.
Photo by Charles Deluvio on Unsplash
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 1300 397 287 or contact us today and we’ll help you get it sorted out.
ShannonJustin was brilliant to have as an broker. He worked with my schedule and got everything organised with good counsel and assisted with resolving any issues, and where he wasn’t able to personally, pointed me in exactly the right direction to work the issue, myself. Absolutely will be utilising his services again in the future.
Ilse & Dave HawkinsJustin guided us from start to finish with our refinancing process, and was able to get the lowest possible interest rate. He kept us informed and made it a simple and quick. Justin was a pleasure to deal with! Thank you Justin!
Dan & Lisa DuncanWe have worked with Justin to refinance our house and an investment property.
We had some complexities that Justin guided us through. He achieved a better rate and structure for us than we had dealing directly with the CBA.I have worked with other brokers over the years, but none as responsive, knowledgeable, and easy to work with. Thanks mate!
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