Home Builder Grant

The Federal Government has just announced that the HomeBuilder Grant, which was <a href="https://www.urban.com.au/news/everything-you-need-to-know-about-australias-25000-homebuilder-grant" target="_blank">set to end on December 31st</a>, will be extended at a reduced rate. Home buyers who are eligible for the grant could be entitled to receive $15,000 for the purchase of a HomeBuilder Grant approved off-the-plan property.

Since the grant was introduced, <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2020-11-29/homebuilder-program-extended-for-another-three-months-lower-rate/12931684">around 24,000 applications</a> have been&nbsp;made to claim the $25,000 grant, with 19,180 of those applications being&nbsp;for new builds, with&nbsp;just 4,697 applications having been submitted for&nbsp;home&nbsp;renovations.

Grant rules and restrictions vary state-to-state, so here&#39;s an overview of what to expect:

<h2>VICTORIA HOMEBUILDER GRANT GUIDE</h2>

HomeBuild Grant Extended and increase&nbsp;price cap to $850,000 in VIC

Reduced from $25,000 to $15,000 for building contracts signed between Jan 2021 and March 2021.

Home buyers have until December 31st 2020 to take advantage&nbsp;of the $25,000 HomeBuilder Grant.

<a href="https://www.urban.com.au/developments/vic?bedroom-prices2=850000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Click here to search new VIC Residences under $850,000</a>

<a href="https://www.urban.com.au/new-townhouses/montaine-residences-1-5-main-street-mount-annan?last_source_news_article_id=29007&amp;ref=news_related_project" target="_blank"><img alt="" height="1000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nsw.jpg" width="1000" /></a>

<h2>NEW SOUTH WALES HOMEBUILDER GRANT GUIDE</h2>

HomeBuild Grant Extended and increase&nbsp;price cap to $950,000 in NSW

Reduced from $25,000 to $15,000 for building contracts signed between Jan 2021 and March 2021.

Home buyers have until December 31st 2020 to take advantage&nbsp;of the $25,000 HomeBuilder Grant.

<a href="https://www.urban.com.au/developments/nsw?bedroom-prices2=950000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Click here to search new NSW Residences under $950,000</a>

<a href="https://www.urban.com.au/new-apartments/allure-chevron-island-corner-burra-street--dalpura-street-chevron-island" target="_blank"><img alt="" height="600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/queensland.jpg" width="1000" /></a>

<h2>QUEENSLAND HOMEBUILDER GRANT GUIDE</h2>

HomeBuild Grant Extended&nbsp;for New Residences under $750,000 in QLD

Reduced from $25,000 to $15,000 for building contracts signed between Jan 2021 and March 2021.

Home buyers&nbsp;have until December 31st 2020 to take advantage&nbsp;of the $25,000 HomeBuilder Grant.

<a href="https://www.urban.com.au/developments/qld?bedroom-prices2=750000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Click here to search new QLD Residences under $750,000</a>

<h2>SOUTH AUSTRALIA HOMEBUILDER GRANT GUIDE</h2>

HomeBuild Grant Extended&nbsp;for New Residences under $750,000 in SA

Reduced from $25,000 to $15,000 for building contracts signed between Jan 2021 and March 2021.

Home buyers have until December 31st 2020 to take advantage of the $25,000 HomeBuilder Grant.

<a href="https://www.urban.com.au/developments/sa?bedroom-prices2=750000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Click here to search new SA Residences under $750,000</a>

<h2>WESTERN AUSTRALIA HOMEBUILDER GRANT GUIDE</h2>

HomeBuild Grant Extended&nbsp;for New Residences under $750,000 in WA

Reduced from $25,000 to $15,000 for building contracts signed between Jan 2021 and March 2021.

Home buyers have until December 31st 2020 to take advantage&nbsp;of the $25,000 HomeBuilder Grant.

<a href="https://www.urban.com.au/developments/wa?bedroom-prices2=750000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Click here to search new WA Residences under $750,000</a>

<h2>Further reading:</h2>

<a href="https://www.urban.com.au/guides/buy-now-save-20-urban-listings-eligible-for-the-25000-homebuilder-grant" target="_blank">Buy now and save: 20 Urban listings eligible for the $25,000 HomeBuilder Grant</a>

<a href="https://www.urban.com.au/news/everything-you-need-to-know-about-australias-25000-homebuilder-grant" target="_blank">Everything you need to know about Australia&#39;s $25,000 HomeBuilder Grant + how much off-the-plan homebuyers could save</a>

Home Builder Grant

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