The Federal Government is extending the highly effective HomeBuilder programme which is driving demand within the construction of new homes.
HomeBuilder will be extended from 1 January 2021 to 31 March 2021 which is expected to deliver another 15,000 new homes.
For all new build contracts signed between 1 January 2021 and 31 March 2021:
- The application submission deadline has been extended until 14 April 2021;
- Eligible owner-occupier purchasers will receive a $15,000 HomeBuilder; and
- The property price caps for new builds in New South Wales and Victoria will be increased to $950,000 and $850,000 respectively.
In addition, the construction commencement deadline will be extended from three months to six months for all eligible contracts signed on or after 4 June 2020.
Further information about the extension of the HomeBuilder Grant can be found – here