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This is independent editorial content written by a PropertyMash Journalist. While we try to ensure all information is as accurate as possible, please double check with the developer or real estate agent directly before making a purchasing decision. The information contained within this article may be incorrect or out of date.
As of the 31st of July, 2020, HomeBuilder applications are now open throughout the state of Queensland.
While an initiative of the Australian Government, each State and Territory is required to administer the grant through its own Office of State Revenue.
A few elements of the grant have been clarified or updated since the initial grant announcement for applicants living in Queensland. These include:
Commencement has been defined as:
The Australian Government has updated initial advice on HomeBuilder to allow applicants to access a 3-month extension to the grant due to unforeseen delays. The Queensland application form provides little clarity on what will be considered an acceptable delay:
“Construction must commence within 3 months of the contract date. An extension of 3 months may be allowed if commencement is delayed because of unforeseen factors outside of the parties’ control. An example that does not qualify are delays encountered by the builder“.
The Queensland application form notes that for off-the-plan or new home contracts, construction can have commenced before the date of contract, but not before 4 June 2020. Applicants must also be registered on title as the owner of the property by no later than 31 October 2022.
The scheme is time-limited (4 June-31 December 2020), uncapped and demand driven. Grants are non-taxable. For first home owners, it can be accessed in addition to the Queensland Government’s existing $15,000 First Home Owners’ Grant and $5,000 Regional Home Building Boost. Additional eligibility criteria include:
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