HomeBuilder Program: What You Need to Know

If you’re considering building or renovating your home, the Australian Government’s HomeBuilder program can be an invaluable resource. With grants of up to $25,000 available, this program can help you achieve your goals. And create the living space you’ve always dreamed of. By working with an AFG broker, you can access expert advice. Tailored financing solutions, and a wide range of options to suit your needs and budget. And navigate the complex process of building or renovating your home with greater ease and confidence.

The Australian Government’s HomeBuilder program has the potential to be a game-changer for homeowners. Looking to build or renovate their homes. With grants of up to $25,000 available, this program provides a valuable opportunity for people to invest in their homes. And create the living spaces they’ve always wanted. Whether you’re looking to add an extension, build a new home, or undertake a substantial renovation, the HomeBuilder program can help you achieve your goals. With greater ease and affordability.

How does the HomeBuilder program work?

• The scheme is only available for contracts signed between 4 June 2020 and 31 December 2020
• Construction must commence within three months of the contract date
• It is means-tested
• Only available for principal place of residence
• Limitations on the kinds of renovations (sorry, no tennis courts) and subject to a total value cap

The HomeBuilder program can be a valuable resource for first-home buyers. As it works in conjunction with a range of other grants and schemes. Including the federal First Home Loan Deposit Scheme and First Home Super Saver Scheme, as well as state government grants, stamp duty concessions, and rebates.

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.