Please note that as of 1 January 2021, rules and eligibility for the HomeBuilder grant will change. Further information can be found on the Australian Government website.

Recently, the Federal Government announced the HomeBuilder program.

This exciting new initiative could save you thousands if you’re planning on building your dream home at Springwood in the next six months!

Keep reading to find out everything you need to know about HomeBuilder, and how you can take advantage of this strictly time-limited offer.

What is the HomeBuilder program?

HomeBuilder is a grant program, designed to support builders, painters, plumbers and electricians across the country by providing owner-occupiers with a grant of $25,000 to put towards building a new home!

How much money can I save?

The Government’s HomeBuilder program will provide eligible owner-occupiers – not just first home buyers – with a one-off grant of $25,000.

Am I eligible?

To access HomeBuilder, you must meet the following eligibility criteria:

• You are an individual (not a company or trust), aged 18 years or older and are an Australian citizen.
• You meet one of the following two income caps:
  • $125,000 per annum for an individual applicant based on 2018/19 tax return or later; or
  • $200,000 per annum for a couple based on your combined on 2018/19 tax return or later.
• You enter into a building contract between 4 June 2020 to 31 December 2020 to build a new home as a principal place of residence valued up to $750,000 (including land).

It’s important to note that construction must be start within three months of the contract date.

First home buyers and the HomeBuilder program

First home buyers – it’s never been easier to own a brand-new home!

In addition to the $25,000 available through HomeBuilder, you will be also be eligible for the First Home Owner Grant, valued at $15,000 – meaning you can save a huge $40,000 when you build your first home!

For example, a home in the stylish Parkview Collection – a series of three-bedroom terrace homes perfect for first home buyers – could be yours for less than $300,000!

HomeBuilder also complements the Government’s First Home Loan Deposit Scheme and First Home Super Saver Scheme.

Next steps

The HomeBuilder program is running for a limited time only, from Thursday 4 June 2020 to Thursday 31 December 2020 – so get in quick to make sure you don’t miss out!

With a huge range of lots ready to go, ranging in size from 350sqm to almost 1,000sqm, and house and land packages by some of Australia’s most well-known builders, now is the time to take advantage of this incredible offer at Springwood.

Call Springwood’s Sales Manager, Nathan Cag today on 1800 224 551 to take advantage of this incredible offer today.