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HomeBuilder Grant is set to expire on 31 March 2021.

Market insights 3 months ago Read time: 1 minute

There is still time to take advantage of the Government’s $15k incentive for new builds before the HomeBuilder Grant expires on 31 March 2021. 

In November last year, the Treasurer announced that a modified version of the HomeBuilder Grant will be extended from 31 December 2020 to 31 March 2021. For property contracts signed between 1 January 2021 and 31 March 2021, the Government Grant provides a $15k incentive for new builds and substantial renovations. 

There is also an increase to the property price cap for new build contracts to $950k in New South Wales, $850k in Victoria and $750 in all other States and Territories - with this new cap applying under the $15k iteration of the Grant. With the end of March deadline fast approaching, purchasers are urged to act quickly to take advantage of the significant savings on offer. 

“[The HomeBuilder Grant extension] is a temporary and targeted programme and we want to give buyers the confidence and support to enter the market now at a time when the economy needs it most.”

Michael Sukkar, Minister for Housing and Assistant Treasurer 

Some apartments currently eligible for the HomeBuilder Grant until 31 March 2021: 

Allure Chevron Island, Gold Coast, QLD  

Located on Chevron Island, on the sunny Gold Coast, Allure offers resort-style residences on a backdrop of expansive skyline views.* 

 

Ovation, West Melbourne, VIC

Backed by a local team of celebrated developer, architects and builder, Ovation’s strength lies in its team and the decades of industry experience and expertise they bring with them.*

Kew, Schofields, NSW

Kew apartments offer effortless floor plans that maximise both space and utility, with each architecturally designed space setting a new benchmark for contemporary living.*

* Conditions apply.