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.
DISCLAIMER – Information on this webpage is believed to be accurate at the time is provided but may change at any time without notice. Pask Group gives no warranties or representations (implied or express) as to the accuracy, reliability or completeness of the information or as to any individual’s entitlement to the HomeBuilder grant or the First Home Buyer Grant.To the extent permitted by law, Pask Group excludes all liability for any inaccuracies in, or incompleteness of, the information included in this document or for any loss or damage (including special, indirect, or consequential loss or damage such as loss of revenue or profit) to any person which arises as a result of any use of or reliance on the information contained on this webpage or otherwise in connection with it. Prospective purchasers should undertake their own independent enquiries for their own benefit and satisfaction before proceeding with any investment. Any investment will be subject to the terms of any contract of sale and formal disclosure statements.This website may contain links to other websites operated by third parties (“Third Party Websites”). Pask Group does not control, endorse, or approve of the operators of Third Party Websites, or the information, graphics, materials, products and services offered on those Third Party Websites. Links to Third Party Websites are provided for convenience only. If you access or use the products or services available at Third Party Websites, you do so solely at your own risk.
Pask Group - Queensland
Suite 401 Level 4
50 Marine Parade
T 07 5531 2399
F 07 5531 2720
Pask Group - Victoria
41 Exhibition Street
T 03 9605 2999
F 03 9605 2988
Pask Group - Postal Address
PO Box 3278
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