On 4 June 2020, the Australian Government announced HomeBuilder to provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home, substantially renovate an existing home or buy an off-the-plan home/new home. On 29 November 2020 the Australian Government announced an extension to the scheme. A $15,000 grant is available to building contracts entered into between 1 January 2021 to 31 March 2021, inclusive.
While the eligible contract must be signed between 4 June 2020 and 31 March 2021 (inclusive), construction need not commence prior to 31 March 2021. However, it must commence within six months of the contract date and construction cannot have commenced before 4 June 2020.
The Australian Government HomeBuilder Grant is subject to the provisions of the National Partnership Agreement between the ACT Government and Australian Government. https://www.revenue.act.gov.au/covid-19-assistance/homebuilder-grant
This content contains information, data, documents, and web pages (the material) prepared by the ACT Revenue Office.