HomeBuilder is a temporary measure intended to help the residential construction market recover from the COVID-19 crisis. The program will provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. The eligibility criteria and conditions include that the contract is signed between 4 June 2020 and 31 December 2020 and that construction begins within three months of the contract date.

Visit the Treasury website for more information including the HomeBuilder Factsheet (including eligibility, process and timing, case studies) and HomeBuilder Frequently Asked Questions

To find out more, please contact your accountant at Rosenfeld Kant on (02) 9375 1200 or email gary@roskant.com.au, raul@roskant.com.au, elias@roskant.com.au