Who is eligible for HomeBuilder?
To access HomeBuilder, owner-occupiers must meet the following eligibility criteria:
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you are a natural person (not a company or trust)
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you are aged 18 years or older
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you are an Australian citizen
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you meet one of the following two income caps:
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$125,000 per annum for an individual applicant la
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$200,000 per annum for a couple
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you enter into a building contract between 4 June 2020 and 31 march 2021 to either:
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build a new home as a principal place of residence, where the property value does not exceed $750,000, or
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substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing property does not exceed $1.5 million
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construction must commence within three months of the contract date.
