HomeBuilder FAQs

Overview

The HomeBuilder grant is currently being assessed and finalised by the Federal and State Governments. Due to this, many questions are going unanswered. State and Territory Government must sign the National Partnership Agreement before people can begin applying and receiving the grant.

HomeBuilder is designed to complement existing State and Territory first home owner grant programs, stamp duty concessions and other grant schemes.

HomeBuilder will be implemented through a National Partnership Agreement and is currently being considered by all States and Territories.

To register to receive HomeBuilder updates from the government, click here.

FAQs

Can you start in 6 months?

Yes we can! Typically, PDx will progress you to site within 8 weeks from signing your contract or your land titling, whichever comes last.  This will see your build begin well within the 12 weeks required to be eligible for Homebuilder

Who can help me work out if I am eligible for the grant? The builder, lender or conveyancer?

The lender or conveyancer are likely to be more knowledgeable about customer eligibility compared to the builder.

How will my land titling affect my eligibility?

If you already own land, but haven’t signed a contract to build a new house, you are eligible if you meet the following criteria:

  • If you own a property (house and land), and knock the house down to rebuild – this will be counted as a substantial renovation, and therefore subject to the renovation price range of $150,000 to $750,000 provided the total value (house and land) of the property does not exceed $1.5 million pre renovation;
  • If you own vacant land before 4 June 2020, and then build, the total value of the land and new build cannot exceed $750,000; or
  • If you buy the land after announcement, and then build, the total value of the land and build cannot exceed $750,000.

You are not eligible if your land is titled under you and your partner’s name if you or your partner are not an Australian citizen.

I can see PDX house and land packages are under $750,000, does this mean I can obtain the grant if I build any of these packages?

The short answer is unfortunately, no.

The house and land package has to be listed on titled land, which is the case for particular house and land packages listed on the website. This is the case for any builder you look to build with.

To enquire about which house and land packages are listed on titled land, get in touch with us enquiries@pdxhomes.com.au

Who do I apply to?

You apply to your relevant State or Territory revenue office or equivalent authority once your State or Territory government signs the National Partnership Agreement.

States and Territories will backdate acceptance of HomeBuilder applications to 4 June 2020 once the National Partnership Agreement is signed.

How do I get paid the grant?

It is expected that the relevant State or Territory revenue office will distribute the $25,000 grant directly to the applicant. The timeline on when this is paid is unknown for now.

If I am a citizen and my partner is not, do we still qualify for the $25,000 grant?

The Scheme is only open to Australian citizens. Eligible owner-occupier(s) must be listed on the property’s certificate of title, and they must meet the eligibility criteria of the program. Permanent residents are not eligible for the Scheme.

For eligible individuals with partners who are not Australian citizens:

You do qualify if – undergoing a build or renovation and only your name is listed on the property’s certificate of title.

You do not qualify if – undergoing a build or renovation and both you and your partner’s names are listed on the property’s certificate of title.

Can you back date my contract?

No

Will I also be eligible for the First Home Deposit Guarantee scheme?

HomeBuilder can be used in conjunction with the First Home Loan Deposit Scheme, provided you are eligible for both. Your eligibility for other home-related programs will not affect your eligibility for HomeBuilder.

To be eligible for HomeBuilder:

  • Be an Australian citizen aged 18 years or older and be an individual, not a company or trust.
  • Be on an income of less than $200,000 for couples, and $125,000 for singles.
  • Be spending between $150,000 and $750,000 on a renovation for a home that has been previously valued at less than $1.5 million.
  • Be building a new home worth less than $750,000 (this includes land value). 

To be eligible for FHLDS:

  • Be an Australian citizen aged 18 years or older and be an individual, not a company or trust.
  • Couples: both people need to be Australian Citizens – permanent residents are not eligible
  • Move into the property within six months from the date of settlement or, if later, the date an occupancy certificate is issued, and
  • Continue to live in that property for so long as your home loan has a guarantee under the Scheme.
  • Never owned:
    • A freehold interest in real property in Australia
    • An interest in a lease of land in Australia with a term of 50 years (or more), or
    • A company title interest in land in Australia.
  • Singles – your taxable income for the previous financial year must not be more than $125,000.
  • Couples – your combined taxable income for the previous financial year must not be more than $200,000.
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