The $25,000 HomeBuilder grant has proved very popular, with new home sales jumping 77.6% from May to June, according to the Housing Industry Association.
To be eligible for HomeBuilder, you must:
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Be an owner-occupier
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Earn less than $125,000 for singles and $200,000 for couples
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Build a new home or substantially renovate an existing home
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Sign the contract before 31 December 2020
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Start building within three months of the contract date
(Other conditions apply. Click here for more details.)
But beware of buying a property just to access the grant.
The tight December 31 deadline means you might struggle to get a building contract signed with a reputable builder by the end of the year.
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