HomeBuilder Grant Extension

The Federal Government’s HomeBuilder grant is still available for contracts signed up until 31 March 2021. If you are building a new home or substantially renovating an existing home you may be eligible to claim $15,000 to assist you. The value of the home must be less than $950,000 or the value of the renovation must be between $150,000 and $750,000. You must commence construction within six months of signing the contract. There are a number of other conditions which are available at https://www.revenue.nsw.gov.au/grants-schemes/homebuilder . This is a Federal Government initiative but it is administered by Revenue NSW in NSW.

Needless to say, there are many new home or renovation/extension options available. We have seen a large take-up of this grant and it has certainly helped some people make their project a reality.