Housing Stimulus | Homebuilder
The Federal Government will give eligible Australians $25,000 to build their homes, in an effort to boost demand in the construction sector and keep builders employed.
- The scheme will give $25,000 grants to eligible homeowners, but recipients will need to spend at least $150,000 of their own money
- The Government hopes it will ease a predicted downturn in construction demand
- Labor and the Greens have called for the Government to invest more in social housing
The Government will give $25,000 grants to owner-occupiers for certain works on their homes.
Eligibility to Homebuilder will be be restricted to substantial renovations and the construction of new homes..
The grants will be means-tested to exclude couples making more than $200,000 per year and individuals making more than $125,000 per year, while limits will also be placed on the value of the property the grants go towards.
New builds will be capped at $750,000.
The scheme will not apply to investment properties or owners who intend on building or renovating on their own without the help of builders.
The Government is requiring that all eligible builders be licensed or registered before the Government's announcement, keeping the timeframe for the scheme to six months, and having tighter eligibility for the program.
Stamp duty changes for first home buyers
NSW Government announces transfer (stamp) duty changes for first home buyers
The NSW Government has today announced that the threshold above which transfer (stamp) duty is charged on new homes for first home buyers will increase from the current $650,000 to $800,000, with the concession reducing on higher values before phasing out at $1 million.
Applies to all contracts 1/8/2020 - 3/7/2021.
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Homebuilder Housing Stimulus package*
Contact Huntlee now to buy your land
Government grants of uptown $25,000 are available with the Homebuilder housing stimulus package. Grants are means tested
Huntlee - Pick your perfect place to live.
Now really IS the best time to buy a new home in Huntlee. We have a wide range of lots sizes to suit everyone.
Plenty of fresh healthy space.
The Hunter Valley on your doorstep.
Brand new town centre emerging with Coles opening later this year.
Excellent connections to Hunter Expressway and beyond.