HomeBuilder Program to assist with renovations and new builds

News story
The Federal Government has announced a HomeBuilder scheme to financially assist eligible homeowners and buyers.
Man constructing timber roof frame.

Grants of $25,000 will be available for Australians who carry out substantial renovations to their existing home or build a new home where the contract is signed between 4 June 2020 and 31 December 2020.

The grants are subject to certain conditions including

  • construction must be contracted to commence within three months of the contract date
  • eligible applicants must fall under income caps of $125,000 for singles and $200,000 for couples
  • the cost of building a new home cannot exceed $750,000 and
  • a renovation price range of $150,000 up to $750,000 will apply to renovating an existing home with a current value of no more than $1.5 million.

We will provide more information about the eligibility criteria and how to apply in coming days.

Page reviewed 4 June 2020
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