With only a few days to go until the end of 2020, and the finishing up of the HomeBuilder $25,000 Grant offer to Home owners and Occupiers is there still time to cash in....?
There are actually THREE grants available to eligible people. The HomeBuilder, the Building Bonus Grant and the First Home Buyer grant! And the good news is, that if you are eligible, you could apply and recieve money for all three!
This will all depend on whether or not you have been talking to a builder previously. You need to have the Contract for your build Signed before the 31st December to recieve the $25,000.
If you miss that cut off, the Home Builder Grant is lowered from the 1st January to $15,000, and you have until the 31st March 2021 to get a building contract signed. You will need to go online and register for an online account before applying. There is an online application form to fill out to apply for both the HomeBuilder and the Building Bonus Grant.
“HomeBuilder is a key part of my government’s Economic Recovery Plan for Australia. We’re keeping people in jobs and putting Australians’ dream homes within reach,” the Prime Minister said.
Thank you Mr Morrison for looking after so many Australians, both builders and Home owners. This is such an excellent incentive and has been fantastic for so many Australian Home owners and occupiers. Teamed with the First Home Buyers grant, it allows those who may have never been able to afford their own home a big boost into the property market.
More from the Prime Minister “This is a temporary and targeted programme and we want to give buyers the confidence and support to enter the market right now at a time when the economy needs it most.”
This announcement also builds upon the extension of the First Home Loan Deposit Scheme announced in the Budget, which delivered 10,000 guaranteed loans to allow first home buyers to obtain a loan to build a new home, or purchase a newly built home, with a deposit of as little as five per cent.
Head to this link to read more about how it can benefit you and your family - https://treasury.gov.au/coronavirus/homebuilder
To apply, here is the link - https://www.wa.gov.au/government/publications/building-bonus-grant-and-homebuilder-grant-application-form
The HomeBuilder Grant is administered by RevenueWA, with funding provided by the Australian Government.
So get yourself moving! You still have three months to add some value to your personal wealth by either Buying a new home, or renovating your existing one.
For any New Homes Contact us at M Sky Homes and we can help you work through the process and then apply for the grant.