Building a home and HomeBuilder
Due to the large number of applications we receive every day, it is taking time to process them. We will let you know a decision as soon as we can. When you apply, make sure you provide all requested documents.
If you are contracting a licensed builder to build a new home to live in, you may be eligible for the HomeBuilder grant.
The grant is:
- $25,000 for contracts signed between 4 June and 31 December 2020
- $15,000 for contracts signed between 1 January and 31 March 2021.
You must apply using the online form by 14 April 2021 and provide all supporting evidence by 30 April 2023. Version 1 of the paper or PDF form is no longer accepted.
The grant is paid per home, and only once to an individual or couple. It is not available to investors who do not intend to live in the property or to owner-builders.
- You must meet the eligibility criteria.
- 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 is signed between 4 June 2020 and 31 March 2021.
- The contract is 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, is $750,000 or less.
- You are the registered owner on title when the foundations are laid and the first progress payment is made.
- 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.
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.
When to apply
After you have signed your contract, there is a 2-step process to follow with strict timeframes.
Step 1: Apply by 14 April 2021. Late applications are not accepted.
Step 2: Provide all supporting evidence by 30 April 2023. Documents supplied after this date will not be accepted.
You will need to provide these documents when you apply. 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 (For couples, both applicants 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)
- A copy of a title search or registration confirmation statement that shows you and your co-applicant (if applying as a couple) as registered owners on the title when the foundations are laid and the first progress payment is made
- A letter from your builder stating when excavation and site preparation for your new home commenced
- Evidence from a building certifier showing foundations have been laid. Alternatively, a letter from your builder (with a photo of the laid foundations) will suffice
- A copy of a receipt or letter from your builder confirming that they have received the first progress payment under the contract
Pre-approval for finance
You can seek pre-approval for your HomeBuilder application if your lender needs it for your finance application. Pre-approval may not be available for all applications and does not fast-track the grant payment. It also does not guarantee that you are eligible for the grant. We can only determine this once your application and all supporting documents have been assessed.
Pre-approval will only be given if:
- you have entered into a contract that is subject to finance
- you have a finance application pending
- you have submitted your HomeBuilder grant application online.
It is not available when:
- finance has already been approved
- a non-financier is requesting it (e.g. a builder).
If your lender requires pre-approval:
- Submit your HomeBuilder application online (as set out in step 1).
- Upload the first 7 documents (if applicable) from the list of supporting evidence.
After you have completed these 2 steps, you can apply for pre-approval.
We can’t give you notification of pre-approval if the information or supporting documents you provide are incomplete. Once a complete request is received, and all mandatory supporting documents have been uploaded, we aim to let you know about your pre-approval request within 7 business days.
Remember, you will need to complete step 2 once your transaction is completed.
Check the status
You can log in and check the status of your application:
- Incomplete—you have started your application but information is missing
- Documents required—you’ve lodged your application and we need supporting documents by 30 April 2023
- Submitted for processing—we have all your documents and no further action is required from you at this stage
- Lodged—your application is in the queue to be processed. (This could take up to 3 months)
When the grant is paid
The grant is paid into your nominated bank account after all the supporting evidence is submitted, including evidence that the foundations have been laid and the first progress payment has been made.
If you have borrowed from a financial institution, you can nominate the payment to go directly to your mortgage account.