The Federal Government HomeBuilder Scheme has been extended until 31 March 2021.
So what does the HomeBuilder extension mean for Queenslanders looking to build a new home or renovate on the Sunshine Coast? Here are the details of the modified grant extension:
The grant amount
- The grant amount has been reduced from $25,000 to $15,000 for contracts signed between 1st January 2021 and 31st March 2021. This applies to both new builds and substantial renovations.
The property price cap
- The new build property price cap remains at $750,000 in all States and Territories except New South Wales and Victoria, where it has been increased to $950,000 and $850,000, respectively.
- The timeframe for construction commencement has been changed, due to concerns of builder shortages caused by the popularity of the scheme. The construction start time has been extended from three months to six months for all applicants of the HomeBuilder grant.
If you’re thinking of building a new home on the Sunshine Coast and interested in applying for the HomeBuilder Scheme, come and have a chat with Paul or Tonya from Beachside Construction. We can help you make your new home dreams a reality. Contact us today on 0409 591 005 or email firstname.lastname@example.org.