Government Building Grants – Do I Qualify?

Eligibility Criteria

Federal Government $25,000 HomeBuilder Scheme:

  • Single applicants must be earning $125,000 or less based on their 2018/2019 tax return.
  • Couples must have a combined income of less than $200,000 based on their 2018/2019 tax return.
  • The stimulus will only be offered for building contracts entered into between 4 June 2020 and 31 December 2020.
  • You must be aged 18 years or older, an Australian citizen and be an individual, not accompany or trust.
  • The $25,000 stimulus is for new home builds valued up to $750,000 (including land).
  • The $25,000 stimulus is on top of State and Territory First Home Owner Grant programs, stamp duty concessions and other grant schemes, as well as the Commonwealth’s First Home Loan Deposit Scheme and First Home Super Saver Scheme.

Reference: HomeBuilder Fact Sheet

State Government $20,000 Building Bonus Scheme:

  • This scheme is not means-tested and has no cap on the property value.
  • The stimulus will only be offered for building contracts entered into between 4 June 2020 and 31 December 2020.
  • $20,000 stimulus is on top of the Federal Grant and State and Territory First Home Owner Grant programs, stamp duty concessions, and other grant schemes.

Reference: Building Bonus

WA First Home Buyers Grant – $10,000

  • You need to be an individual, not a company, or trust.
  • You must be 18 years or over at the time of making an application. If you are under 18, you may be able to apply for an exemption on the age requirement.
  • At least one applicant must be an Australia Citizen or Permanent Resident.
  • You and/or your spouse or partner must be applying for the FHOG for the first time. 
  • You need to live in the home for at least six months within 12 months of settlement of buying a home or within 12months of completion if building a home. 

Strict rules also apply to any property you may previously have owned. You won’t be eligible for the FHOG WA if: 

  • You owned residential property anywhere in Australia before 1 July 2000.
  • You owned residential property anywhere in Australia before 1 July 2000, and you lived in the property as your home before 1 July 2004, or
  • You owned residential property anywhere in Australia on or after 1 July 2000, and you lived.  in the property for at least six months on or after 1 July 2004. 

Reference: First Home Owners Grant (FHOG)