National HomeBuilder Grant For Renovations

HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home.

This means that there has never been a better time for you to upgrade your home. As well as the $25,000 HomeBuilder grant from the national government, loan interest rates are at an all-time low, making it much more affordable to renovate your home or add a second storey to it. There are a few criteria behind being eligible for the grant, and we have summarised them for you below – simply answer the four short questions to see if you can request the available grant.

** Please note that the information has been taken directly from the official government treasury website, and is subject to change. Before committing financially to a renovation project please ensure that you have read and understood the information provided the Treasury Department.**

If you have any questions, please do not hesitate to contact us.

Are You Eligible For The Renovation Grant?

To find out if you are eligible for the nation HomeBuilder grant please answer the questions below.




A) $125,000 per annum for an individual applicant based on your 2018-19 tax return or later;or
B) $200,000 per annum for a couple based on both 2018-19 tax returns or later;
YesNo

Congratulations!

Based on your choices above, you are eligible to request the government HomeBuilders grant for renovations.
Please bear in mind that you will need to enter into a building contract between 4 June 2020 and 31 December 2020 to 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.

If you are interested in a renovation or adding a 2nd storey to your home, please feel free to get in touch with us to get advice and a free quote.

How Can We Help You Transform Your Home?

We are a multi-award winning team specialising in renovating single storey homes and adding second storey living spaces to existing homes. We take the pain out of renovating by working with you in the initial stages to make sure your needs are met, and then, once all necessary approvals have been granted, we carry out the construction work to the highest specifications and hand the property back to you ready for you to enjoy your new-look home – all without stress and worries for you.

Please view our Two-Storey Additions and Ground Floor Renovations galleries to see examples of how we have seamlessly transformed homes across the Perth metro area, and then contact us to get more information about how we can help you, and to arrange a quote for the renovation works.

Simply click on the titles to view the galleries.

When you can’t build out, build up! We specialise in two-storey additions to homes in the Perth metro area. Whether you want extra room for your growing family, want some grown-up space to retreat to and get away from the kids, or just want to upgrade in general, we have the answer to your needs and the work we carry out will be within the price cap criteria of the National HomeBuilders grant.

Your second storey is constructed completely externally, right down to external painting and texture coating, and you can very easily live through the process, so avoiding the cost of renting elsewhere.

If you are looking to add a second-floor living space to your home please feel free to get in touch with us .

A renovation carried out by Green-Shore will give you the best balance of value, functionality and visual appeal for transforming your home. As a home renovation may be one of the most significant projects you will undertake, choosing the right builder is paramount in ensuring you have a good home renovation experience. You are entitled to get the maximum value and enjoyment for the amount you are planning to invest.

Whatever the needs of your family, we can design and carry out the renovations to the highest levels of finish and workmanship and with minimal disruption. The work we carry out will be within the price cap criteria of the National HomeBuilders grant, which effectively gives you a $25,000 discount.

If you are looking to renovate your home please feel free to get in touch with us .

In Case You Still Have Questions…

The national treasury website has provided a fact sheet containing FAQs to help you understand the process of applying for the HomeBuilder grant. That fact sheet can also be downloaded here for your ease of reference. To answer some of your immediate questions, we have collated some of the ones we believe are of most importance to you in the Q&A section below. If you still have questions about renovating, and how you can access the grant, please do not hesitate to contact us.

HomeBuilder Grant For Renovations Q&A

To be eligible for HomeBuilder, the value of renovations must be within the price range of $150,000 and $750,000, the total value of your existing house and land must not exceed $1.5 million, and construction must commence within three months of the contract date.
Renovations must improve the accessibility, liveability and safety of the property. This excludes building a tennis court, pool or shed for the renovation contract for eligibility purposes.
Renovations must be completed by a licenced or registered builder (depending on the state or territory). In addition, any building or renovation contract entered into must be at arm’s length. This means the contract must be made by two parties freely and independently of each other. The terms of the contract should be commercially reasonable and the contract price should not be inflated compared to the fair market place

All dwelling types (house, apartment, house and land package, off-the-plan, etc) are eligible under HomeBuilder, in accordance with the requirement that the owner-occupier must contract to build a new dwelling or substantially renovate their existing dwelling. The applicant must also meet the eligibility requirements outlined above.

HomeBuilder is subject to two prices: a contract price cap (for new builds and renovations) and an income cap for applicants.
Contract price cap
A national price cap of $750,000 will apply for new home builds. This means that the value of new builds (house and land), house and land packages, and off-the-plan purchases must not exceed $750,000 to be eligible for HomeBuilder.
For renovations, a building contract price range of between $150,000 and $750,000 will apply and the total value of your property before renovation must not exceed $1.5 million.
Income price cap
Eligible applicants must meet one of the following two income caps:
• $125,000 per annum for an individual applicant based on the 2018-19 tax return or later; or
• $200,000 per annum for a couple based on their combined 2018-19 tax return or later.
The income price cap, as well as the eligibility criteria for the applicant, were chosen to reduce complexity as they align with the Commonwealth Government’s First Home Loan Deposit Scheme.

No – a HomeBuilder grant will not be taxed. This is consistent with existing state and territory First Home Owner Grant programs.

No. HomeBuilder is an uncapped, time-limited grant.

To make sure you don’t miss out on getting your home renovation grant, contact our team today.