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Shoalhaven eligible for $15,000 HomeBuilder Grant

$15,000 HomeBuilder Grant

The $15,000 HomeBuilder Grant is available for eligible new home builds on contracts signed before 31 March 2021

You don’t need to be a first home buyer to qualify for the $15,000 HomeBuilder Grant, but there are other eligibility requirements:

  • You have to sign the builder’s contract on or before 31 March 2021 and start building your new home within three months of signing the contract
  • You must be an Australian citizen aged 18 years or older and be an individual, the grant is not available to companies or trusts
  • Couples must be on an income of less than $200,000 and singles an income of $125,000
  • Your new home must be worth less than $750,000 (this includes land value)
  • You must move into your home immediately upon completion and must live there as your principal place of residence for a continuous period of at least six months

The HomeBuilder Grant complements the existing $20,000 First Home Owner Grant available at Shoalhaven, as well as the Commonwealth’s First Home Loan Deposit Scheme and First Home Super Saver Scheme.

 

The HomeBuilder Grant is applicable to specific lots, please contact us for further information.

The First Home Owner Grant is $20,000 for new homes built in regional Victoria, for contracts signed before 30 June 2021

There’s also stamp duty savings applicable to all first home buyers on all properties up to $600,00 for the same period.

 

These changes mean you can save even more when buying your newly built home at Shoalhaven.

 

The $20,000 First Home Owner Grant is not means tested but you do have to meet certain eligibility requirements:

  • The price of the property must not exceed $750,000
  • You need to enter into a building contract before 30 June 2021
  • You or your partner must not have previously purchased a home in Australia
  • One of the applicants must be an Australian citizen or permanent Australian resident
  • You must live in the home you build for a period of 12 months within 12 months of completion

You are not eligible if you or your spouse/partner have already:

  • Received the FHOG in Australia
  • Owned a home or other residential property in Australia prior to 1 July 2000
  • Lived in a home in Australia which either you or your spouse/partner owned or part-owned on or after 1 July 2000 for a continuous period of at least six months
Shoalhaven eligible for $20,000 First Home Owners Grant

Save with the $20,000 First Home Owner Grant 

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    Thanks for your interest in Shoalhaven. Simply fill out your details and a member of our team will be in touch shortly with more information.

      Enquire Today

      Thanks for your interest in Shoalhaven. Simply fill out your details and a member of our team will be in touch shortly with more information.