Federal HomeBuilder Incentive
Across 50 years of operation and the successful delivery of over 100 Projects, Pask Group have helped thousands of first home buyers to realize their dreams of owning their own home.
Now, with the HomeBuilder scheme, eligible first home buyers have the opportunity to take advantage of a $25 000 tax free grant to put towards the build of a new home.
With a broad range of land, apartment and town house product available, it’s a great time to consider whether it’s the right time to make your next move, and discover if you are eligible.
Not sure whether you qualify? Please find some information to assist:
What is the HomeBuilder program?
It’s a time limited Federal Government grant program designed to support the residential construction sector and prospective new home buyers.
Timing for grant eligibility
Applicants will be able to apply in relation to eligible contracts entered into from 4th June – 31st December, 2020.
Who can apply for HomeBuilder ?
To access HomeBuilder, owner-occupier applicants must:
• be a natural person (not a company or trust);
• be aged 18 years or older on the contract date;
• be an Australian citizen;
• be below one of the following two income caps: $125,000 per annum for an individual applicant based on their 2018-19 taxable income or later; or $200,000 per annum for a couple based on their combined 2018-19 taxable income or later.
• enter into a contract from 4 June 2020 up to 31 December 2020 to: build a new home as a principal place of residence, where the property value (i.e. house and land) does not exceed $750,000;
or purchase an off-the-plan / new home as a principal place of residence where the contract price does not exceed $750,000 and construction had not commenced prior to 4 June 2020
It’s essential that you seek independent advice when considering whether this opportunity is right for you. For further information and eligibility criteria, please consult dedicated page on Treasury website.
At Pask Group, we strive to make the process of finding the right home for you as easy as possible.
With the incentive limited to new constructions commencing within 3 months of contract signing, we have a number of titled lots at within selected estates, providing an immediate opportunity to build. If you have any further questions, or would like to find out more please don’t hesitate to contact our head office 07 5531 2399.