MAINTAINING A HOME
How to apply for the Queensland HomeBuilder grant
11 December 2020
If you’re thinking about building or buying a new home, or you’re planning a substantial home renovation, the government’s HomeBuilder program could be a big boost. HomeBuilder provides eligible owner-occupier individuals and couples with a $25,000 grant towards their project for eligible contracts signed from 4 June 2020 through 31 December 2020, and a $15,000 grant for eligible contracts signed from 1 January 2021 through 31 March 2021.*
To learn if you could be eligible for HomeBuilder and how you can use the grant, check out our article “What you need to know about the HomeBuilder grant”. Because it’s only available for a limited time, you’ll want to move quickly to find out if your project meets the requirements – or to plan a new project that does.
Before you apply, organise the information you’ll need
While HomeBuilder is a national program, you apply for this government grant through your home state or territory’s revenue office.
If you think your project ticks all the boxes, it’s a good idea to apply as soon as you have entered into a contract.
As part of your Queensland application, you’ll need to provide information to confirm your eligibility, including:
- your taxable income for either the 2018-19 or 2019-20 financial year (or your combined taxable income if you’re applying as a couple)
- the property details, including your lot and plan number (this information is usually available from your local council or from the property developer)
- if building a new home, the total value of the contract and the value of the vacant land the home will be built on
- if renovating, the total value of the contract and the total value of your existing property (house and land) before you commence the renovation
- if buying a new or off-the-plan home, the total value of the property under the sales contract
- the date of the contract
- the planned date of the construction commencement
- the builder’s name and registration or licence number.
Queenslanders can apply for the grant online
You can get complete information about the HomeBuilder program and apply at the state’s HomeBuilder grant information hub. You’ll want to move quickly to get your project planned and contracts signed. To be eligible for the original $25,000 grant, contracts must be submitted by December 31, 2020.
On 29 November 2020, the Commonwealth Treasury Department announced an extension of the program, along with changes to the grant amount and other important changes. These include:
- A $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive.
- An extended deadline for all applications to be submitted, including those applying for the $25,000 grant and the new $15,000 grant. Applications can now be submitted up until 14 April 2021 (inclusive). This will apply to all eligible contracts signed on or after 4 June 2020.
- An extension to the construction commencement timeframe from three months to six months for all HomeBuilder applicants. This will apply to all eligible contracts signed on or after 1 January 2021, but will also be backdated and apply to all contracts entered into on or after 4 June 2020.
After submitting your application, you'll need to supply the supporting evidence required, including photo ID, copies of contracts and other documents. For more information about required documents, visit:
When it comes to organising finance, we can help every step of the way
Our experienced team are happy to answer all your questions. Get in touch via our enquiry form and we’ll call you within 24 hours. Our home loan experts can help you understand how financing can work for home construction and major renovation projects, as well as new home purchases, and there’s absolutely no obligation.
- What you need to know about the HomeBuilder grant
- Everything you need to know about construction loans
- Everything you need to know about the First Home Owners Grant in your state
*Information current as of December 11, 2020. Eligibility terms and conditions apply and may change. Please make your own enquiries to confirm eligibility and application requirements.
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