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31.07.20

HomeBuilder Grant Update

There have been many questions regarding the Government’s HomeBuilder Grant. Did you know?
  • For contracts to build, buyers must be registered on title as owner of the land by no later than the laying of foundations and the first progress payment is made. The grant will be paid at this point.
  • Commencement has been defined as excavation and site preparation works for any new builds, and works under the renovation contract for existing homes.
  • HomeBuilder grant extensions are unlikely for delays resulting from buyer failure to undertake appropriate due diligence when entering into a contract.
For more information relating to HomeBuilder please visit the State Review Office’s HomeBuilder guidelines https://www.sro.vic.gov.au/homebuilder-grant-guidelines

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