Homebuilder Boost Information 

 June 19, 2020

By  Self-Funded Freedom

Helpful  Homebuilder Boost Information

 I am not a first home buyer – can I access HomeBuilder?

Yes. Provided you meet the eligibility criteria, you can apply for a HomeBuilder grant. However, HomeBuilder is not available for investment properties or to owner-builder

How long will HomeBuilder be available?

The 25K Home Builder is available for building contracts signed between 4 June 2020 and 31 December 2020

HomeBuilder is intended to support activity and provide a pipeline of work for the residential construction sector in the second half of 2020. An existing home that has already been completed, or started construction before 4 June, does not qualify for HomeBuilder.

Construction must commence no later than three months after the contract is signed and provided the contract is signed between 4 June and 31 December 2020, then the property purchase may be eligible for HomeBuilder.

How will my income be assessed?

The income caps will be assessed against your taxable income and based on your 2018-19 Australian tax return (or 2019-20).

HomeBuilder is subject to the following two income caps: • $125,000 per annum for an individual applicant based on your 2018-19 taxable income or later; or • $200,000 per annum for a couple based on both 2018-19 taxable income or later.

How do I prove my taxable income?

Taxable income is shown on your notice of assessment. The notice of assessment is issued by the Australian Taxation Office once your tax return for an income year is processed and this can be used to demonstrate your taxable income.

Note: Taxable income is your gross income less allowable deductions and represents the amount of income you pay tax on. More information on taxable income can be found at

What is the definition of ‘couple’?

This will be determined by the relevant State or Territory authority. Generally, this would include couples in a registered domestic relationship, or those living as a couple on a genuine domestic basis.

Can I apply for both the HomeBuilder grant and other housing grants offered by my State?

Your eligibility for other home-related programs will not affect your eligibility for HomeBuilder.

Is the HomeBuilder grant tax-free?

Yes. The $25,000 grant will not be taxed in the hands of the owner-occupier(s) receiving the grant.

What types of dwellings are eligible under HomeBuilder?

All dwelling types (house, apartment, house and land package, off-the-plan, etc) are eligible under HomeBuilder.

What are the price caps associated with HomeBuilder?

Contract price cap A national price cap of $750,000 will apply for new home builds. This means that the value of new builds (house and land), house and land packages, and off-the-plan purchases must not exceed $750,000 to be eligible for HomeBuilder.

You can refer to the Government Fact sheet here for more information

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