HomeBuilder is a time-limited grant program to help the residential construction market to bounce back from the Coronavirus crisis.

HomeBuilder will provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home where the contract is signed between 4 June 2020 and 31 December 2020. Construction must commence within three months of the contract date.

HomeBuilder will complement existing State and Territory First Home Owner Grant programs, stamp duty concessions and other grant schemes, as well as the Commonwealth’s First Home Loan Deposit Scheme and First Home Super Saver Scheme.


To access HomeBuilder, owner-occupiers must meet the following eligibility criteria:

  • you are a natural person (not a company or trust);
  • you are aged 18 years or older;
  • you are an Australian citizen (not available to permanent residents);
  • you meet one of the following two income caps: $125,000 per annum for an individual applicant based on your 2018-19 tax return or later; or $200,000 per annum for a couple based on both 2018-19 tax returns or later;
  • you enter into a building contract between 4 June 2020 and 31 December 2020 to either: build a new home as a principal place of residence, where the property value does not exceed $750,000; or substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing property does not exceed $1.5 million;
  • construction must commence within three months of the contract date.

Process and timing

HomeBuilder will be implemented via a National Partnership Agreement, signed by the Commonwealth and State and Territory governments. This approach will utilise existing state and territory mechanisms to distribute the HomeBuilder payments.

When the States and Territories begin accepting HomeBuilder applications, they will backdate acceptance of these applications to 4 June 2020.

Information on when and how you will be able to access HomeBuilder will become available through the relevant State or Territory revenue office.

For more information GO TO THE TREASURY WEBSITE

If the Great Australian Dream is to own your own home, then the Ultimate Australian Dream is to own your own Brand New Home!

Owner Occupier | Blaq Property | Off-the-Plan Specialists
Owner Occupier Interior | Blaq Property | Off-the-Plan Specialists

If you are interested in securing a house and land package off-the-plan why not book in a short consultation today.

Book Your Short Consultation Today
Owner Occupier Interior 1 | Blaq Property | Off-the-Plan Specialists

It’s a wonderful feeling to move into a home never lived in by anyone else & without all the second-hand issues that come with buying an older property.

  • Your choice of colours and materials!
  • Brand new electrical wiring & plumbing – never run out of hot water again!
  • Good water pressure!
  • Latest kitchen appliances THAT WORK and are energy efficient!
  • Effective heating & cooling!
  • LED lights – save heaps on electricity bills!
  • No mould or missing tiles in bathrooms!
  • Usually an Ensuite & walk-in-robe (WIR) to the Master Bedroom – heaven!
  • No roof leaks or draughts!
  • Remote control garage door!
  • Flyscreens!
  • Everything is sparkling CLEAN!

And because new properties are often in less-expensive suburbs, buying a new off-the-plan property is one of the easiest ways to get into the property market, especially if you are a first home buyer & eligible for the government grants. Learn more on our First Home Buyer page.

Buying off-the-plan saves new home purchasers a lot of money on stamp/land transfer duty, as most states offer greater discounts on newly-constructed properties. In the case of houses or units, when a buyer signs a contract before construction begins, stamp duty will only apply to the land value and not the building contract price.

For example, in Victoria, you could potentially save over $18,700 on a $500,000 purchase if you purchase a new off-the-plan house or unit instead of an established property.

Whether it’s a house, unit OR apartment, some States offer further Stamp Duty Discounts or Exemptions for First Home Buyers and Owner Occupiers.

Your mortgage broker will provide information on what stamp duty is due depending on your circumstances and on where the property is located.


When buying a property with a One-Part/Single Contract you only need a 5-10% deposit today and can pay the balance of the purchase price at settlement, once construction is complete – which might take 6 to 18 months or longer.

Plus, in some cases, you can also earn interest on your deposit funds.

Savvy buyers use this time to save towards moving costs, furniture, and the house-warming party.

And any savings you can manage to tuck away to add to settlement funds means you will be able to borrow less, and therefore your loan repayments will be lower.

Additionally, if you have other property, this gives you time to sell and have the funds ready at settlement.

PLUS with interest rates being the lowest in over 17 years, it is now cheaper to own your own home than to pay rent!

Blaq Property can help you find the perfect House, Unit, or Apartment Australia-Wide and guide you through the entire process – at no additional cost to you!

Blaq Property | Off-the-Plan Specialists | 8 Step Guide

Get your Free Copy of our 8 STEP Off-The-Plan Property Buyers Guide for detail on the key criteria in choosing the right developer and land estate.



Book a short call or video chat at a time which works for you

Online Booking

Call or Text

Have a question? Give us a call or send a quick text message

0403 393 508


We’d love to hear from you – ask us anything! We are here to help