Your comprehensive building contract is with a licensed builder, whose licence began before:
4 June 2020 for contracts signed before 29 November 2020
29 November 2020 for contracts signed on or after that date.
The contract was signed between 4 June 2020 and 31 March 2021.
The contract was entered into at arm’s length or otherwise at a fair market price.
The amount paid (including GST) to build your new home, plus the value of the land and any existing structures, was $750,000 or less.
You are the registered owner on the title when the foundations are laid and the first progress payment is made. (In some situations, the grant may be paid where title registration has been delayed due to factors outside of your control.)
Excavation and site preparation for your new home must have commenced within 6 months of signing the contract.
The foundations must have been laid and the first progress payment made to your builder.
Comprehensive building contract
You have a comprehensive building contract if a licensed builder agrees to build a home, from commencement to completion of construction so that it is ready for occupation.
In these examples, the individuals also need to meet the eligibility criteria and application deadlines.
Mohammad bought a block of land with the foundations of a house already laid and certified. He enters into a contract with a builder to finish the project that was partially completed by the previous owner.
Because the foundations were already laid before Mohammad signed a new contract, he is not eligible for the grant. His contract is not a comprehensive home building contract.
Bruce is building a duplex on a vacant block of land. He intends to live in one home and sell the other once it is completed. All up, his building contract is for $800,000.
Each home, including the land, will cost him approximately $600,000.
Bruce is not eligible for the grant because the building contract and land is more than $750,000.
Mark has a contract to build his home. The house and land will be just under $750,000, excluding the plumbing work.
Mark, being a licensed plumber, will do all plumbing work himself. This will ensure that the contract stays under the eligibility limit .
Mark is not eligible for the grant because he has a scheme to obtain the grant.
Neelam’s father is a licensed builder. He enters into a contract with Neelam to build her house. All up, the house and land will cost her $600,000.
Given the relationship between them, the contract is not at arm’s length.
Neelam has a comparison quote from an independent builder and is satisfied that the contract with her father is based on commercial terms.
So long as Neelam can prove that the contract is on commercial terms, she will be eligible for the grant.
You must move into your new home as your principal place of residence after the final certificate has been issued and live there continuously for 6 months.
You can rent out one or more rooms in the home during this 6-month period, as long as this arrangement doesn’t affect your use of the home. However, renting out any rooms in the first year after you first move in may affect your eligibility for the first home vacant land concession.
Even though the residence requirements for this grant are similar to those for the home concession, the grant and concession are separate benefits—you need to meet the requirements in each case. For example, you can rent the home out before moving in and keep the grant, but you may lose the concession.
We may ask you to verify that you have met these requirements later, by providing us with documents that support the period of occupancy for all applicants.
You will need to provide these documents. These documents do not need to be certified.
A copy of the comprehensive building contract dated between 4 June 2020 and 31 March 2021
A copy of your Australian Taxation Office notice of assessment for the year ended 30 June 2019 or 30 June 2020 with your tax file number concealed (If applying with your spouse, you both must provide the notice for the same year.)
A copy of your Australian birth certificate, Australian passport or Australian citizenship certificate
A copy of photo ID such as an Australian driver licence, Australian proof of age card or Australian firearm licence (not needed if you have provided a copy of your Australian passport)
Certificates to confirm name change or marital status (e.g. marriage, divorce, death, separation)
A copy of the contract of sale for land, if less than 12 months from date of your application
A copy of a valuation or market appraisal by a bank, licensed independent valuer or real estate agent, or the most recent rates notice (if more than 12 months from the date of your application)
Incomplete—you have started your application but information is missing. You need to complete the required fields and confirm your application.
Documents required—you’ve lodged your application and we need supporting documents by 30 April 2023. You can log in and see what documents you have provided and what is still required. You can upload additional documents under Other.
Submitted for processing—we have all your documents and no further action is required from you. At this stage, you cannot edit your application or change the documents that you have supplied.
Lodged—your application is in the queue to be processed. (This could take up to 3 months.)
If you have changes to your application and it is at ‘documents required’, ‘submitted for processing’ or ‘lodged’ status, you need to email email@example.com. This will not fast-track your application.
We process grant applications in order of date received. Once your application is at 'lodged' status, you don’t need to contact us to check the progress. We will notify you when a decision has been made.
When the grant is paid
The grant is paid into your nominated bank account after all the supporting evidence is submitted. This includes evidence that each applicant’s name is registered on the title, the foundations have been laid and the first progress payment for the building works has been made to the builder.
If you have borrowed from a financial institution, you can nominate the payment to go directly to your mortgage account.