Building Grants and you

Now is the time to build your dream home at Richmond Hills.  Whether you are a First Home Buyer or you are looking to upgrade your home, the State and Federal Government have some fantastic grants available.

There are time limits with all the grants on offer. Scroll down to view details on the grants and how they can benefit you and your family and how to apply for them. It has never been a better time to build in Richmond Hills!

If you would like more information fill out the form or contact our Sales Executive Matt Bruggemann on 0407 424 692.

Eligibility criteria and Terms and Conditions apply for the grants.

HomeBuilder Grant – $15,000 – $25,000

The Federal Government has extended the HomeBuilder Grant to assist the residential building industry by encouraging the commencement of new builds and renovations.

The grant started on the 4 of June and will now conclude on the 31 of March 2021. This grant is available to everyone and is in addition to the First Home Buyers Grant and First Home Loan Deposit Scheme.

We have listed an overview of the grant below.

• You are a natural person (not a company or trust)
• You are 18 years or older
• You are an Australian citizen
• If you are applying as an individual applicant your income is not more than $125,000 per annum
• If you are applying as a couple your joint income is not over $200,00 per annum.
• You enter into a building contract between 4 June 2020 and 31 March 2020
• Construction must commence within six months of the contract date.

Grant amounts depend on when you sign your building contract.

For more details follow the link

Regional Building Boost Grant – $5,000

The State Government has launched the new Regional Building Boost Grant to assist the regional residential housing market. The grant is open to any buyer who is looking to build or buy a new home before the 31^st December 2020.

The grant started on the 16 of June and will conclude on the 31 of December 2020. The grant is offering an additional $5,000 towards your new home. This grant is available to a first home builder or buyer and is in addition to the First Home Buyers Grant, HomeBuilder Grant and First Home Loan Deposit Scheme.

We have listed an overview of the grant below.

• You are 18 years or older
• You are an Australian citizen
• You must be building or buying a brand new home
• The value of the home and land is less than $750,000
• You must move into the new home and your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months
• You enter into a contract between 16 June 2020 and 31 December 2020

For more details follow the link.

First Home Owners Grant – $15,000

The state Governments First Home Owners Grant is in place to assist first home buyers into their first home sooner

Please see the details below:

• You must be at least 18 years of age.
• You must be an Australian citizen or permanent resident (or applying with someone who is).
• You or your spouse must not have previously owned property in Australia that you lived in.
• You must be buying or building a brand new home
• The value of the home including the land is less than $750,000.
• You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.

For more details follow the link.