Dear clients,
Prime Minister Scott Morrison (ScoMo) just confirmed the $688million HomeBuilder scheme which will be a $25,000 grant to Australians looking to build a new home or renovate in the second half of 2020.
Who is eligible?
-New home construction builds valued up to $750,000 including the land
-Owner occupiers that renovate their home from 4 June 2020 to 31 December 2020
-Renovation must be between $150,000-$750,000
-Property value must be under $1.5million
-The individual must earn less than $125,000 or couple combined earnings of $200,000
-First Home Buyers will get this grant plus original First Home Buyer Grants & stamp duty concessions
The money can't be used on investment properties or to build things outside the house like swimming pools, tennis courts, outdoor spas and saunas, sheds or garages.
As always, we are here to help. Any questions, feel free to contact us!
CTBS Partners Pty Ltd