Eligibility criteria

For the HomeBuilder grant, these criteria apply to all persons, whether they applied as an individual or as part of a couple.

• You must not have previously received a HomeBuilder grant in any state or territory of Australia.
• You must be at least 18 years of age. (Companies and trusts cannot apply.)
• You must be an Australian citizen at the time you apply.
• Your 2018–19 or 2019–20 annual taxable income must be below:
  • $125,000 for an individual
    or
  • $200,000 for a couple.
• You will be the registered owner on the title.
• The home will be your principal place of residence after completion or settlement.
• The contract is signed between 4 June 2020 and 31 March 2021 to:
  • buy an off-the plan or new home valued at $750,000 or less (including GST) where construction commences within 18 months of the date you sign the contract (but not before 4 June 2020)
    or
  • build a new home where the build amount and the value of the land (including any existing structures) is $750,000 or less (including GST) and the date construction commences is within 18 months after you sign the contract
    or
  • substantially renovate an existing home, where all the following apply
    • the date construction commences is within 18 months after the date you sign the contract
    • renovations cost between $150,000 and $750,000 (including GST)
    • the value of property (home and land before renovation) is less than $1.5 million.