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The Home Builder Grant

Published 5 August 2020 · Refreshed 2 October 2026

From the archive. This article reflects the period stated in its title and original publication date. Market figures, forecasts and policy discussion are historical, not current advice. Vanguard Valuations serves NSW, ACT and VIC.

Scheme closed: HomeBuilder closed to new applications on 14 April 2021. This article records the earlier scheme and is not an invitation to apply. Historical thresholds depended on contract dates and jurisdiction. See the official scheme record below.

On the 4th of June 2020, Scott Morrison announced the Homebuilder grant which provides eligible owner occupiers with a grant of $25,000 to build, renovate substantially or buy an off-the-plan home/new home. A new home is one that has not previously been sold or occupied as a place of residence, (e.g. spec build) and where construction commenced on or after 4 June 2020. This program is expected to provide around 27,000 grants at a cost totalling to around $680 million.

This scheme aims to help economic recovery to help both tradies stay in the job and to help Australians with their dream home. With over 1 million workers in the sector including Builders, Painters, Plumbers and Electricians, this scheme will help keep the construction industry going. Record low interest rates, coupled with the extra $25,000, provides a great option for those who have been thinking about further investment.

The HomeBuilder Grant also compliments existing state and territory First Home Owner Grant programs, stamp duty concessions and other grant schemes, in addition to the Commonwealth’s First Home Super Saver and First Home Loan Deposit schemes.

To be eligible for the HomeBuilder Grant, you must:

  • Be an Australian citizen aged 18 years or older and be an individual, not a company or a trust.
  • An Australian citizen at the date of application.
  • Earn an income of less than $125,000 or $200,000 for couples on either your 2018-19 or 2019-20 taxable income.
  • Be spending between $150,000 and $750,000 (inclusive of GST) on a renovation that has been previously valued at less than $1.5 million
  • Be building a new home worth less than $750,000 (house and land)

It must be noted that renovations or additions to the property must be connected to the house and that any external improvements such as stand-alone granny flats, swimming pools, tennis courts, outdoor spas, saunas, sheds or stand-alone garages are not included.

Sources and further reading

General information only. Obtain advice about your circumstances from your accountant, solicitor or other appropriately qualified adviser.