$25k HomeBuilder Scheme

The $25k HomeBuilder boost for new home builds commences on 4th June 2020. To be eligible you must sign a contract by 31st December 2020 and commence your home build within three months. Mandalay has amazing deals on eligible HomeBuilder Scheme lots ready to go! 

The $25,000 HomeBuilder grant for new home builds will commence from 4th June 2020.

To be eligible for the HomeBuilder scheme, you must:

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 building a new home worth less than $750,000 (this includes land value).

Crucially, the tax-free grant will apply to all owner-occupiers - not just first home buyers.

All dwelling types (house, apartment, house and land package, off the plan, etc) are eligible under the HomeBuilder scheme.

The scheme will not apply to owner-builders or those who are planning to build a new home  as an investment property.

The grant will be offered for contracts entered into between 4 June 2020 and 31 December 2020. Construction must be contracted to begin within three months of the contract date to be eligible.

HomeBuilder complements the existing $20k  First Home Owner Grant available at Mandalay, as well as the Commonwealth’s First Home Loan Deposit Scheme and First Home Super Saver Scheme.