Author Archives: admin

How the First Home Super Saver scheme works – by abc news

Under the FHSS scheme, first-home buyers can use voluntary super contributions of up to $15,000 each financial year to assist with the purchase of their first home. The key advantage is that you can end up paying less tax than you would saving for a deposit in a regular savings account. It’s important to note […]

Update on ACT Lockdown and Timber Shortage

As you would know, the ACT is in a lockdown that is currently scheduled to end on 2 September 2021. The lifting of the lockdown restrictions will of course depend on how the COVID-19 case numbers are tracking and whether the ACT Health authorities are successful in controlling the spread of the virus in the […]

Home Builders needing structural timber could be waiting months due to supply shortage – by abc news & 9news

Australia is in the midst of a critical timber shortage due to a surge in demand during the COVID-19 pandemic on the back of devastating bushfires. The shortage is causing timber prices to skyrocket, prompting calls for the Federal Government to review its Home Builder program. With COVID-19 travel restrictions forcing Aussie families to postpone holiday plans, […]

HomeBuilder extended to support more jobs

The Morrison Government is extending the construction commencement requirement for the successful HomeBuilder program from six months to 18 months for all existing applicants, bringing the total level of expected Government support for the construction sector under the program to $2.5 billion. More than 121,000 Australians have applied for the grant which is expected to support around $30 billion […]

About HomeBuilder Grant

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 […]

HomeBuilder Guidelines and Eligibility requirements

HomeBuilder is a Commonwealth grants program administered by the ACT Revenue Office (ACTRO). HomeBuilder provides eligible owner occupiers with a grant of $25,000 for contracts entered into from 4 June 2020 to 31 December 2020 and $15,000 for contracts entered into from 1 January 2021 to 31 March 2021, to build a new home, substantially renovate […]

HomeBuilder applications

In the ACT, applying for the Grant is a two-part application process: Part A: Registration This registration (available here) must be completed and lodged by 14 April 2021 for your application to be considered. Completing the Part A form does not in any way constitute eligibility for the Grant. Part B: Detailed Application A comprehensive application […]