Our agents have been flooded with calls about the government's HomeBuilder grant after it was announced last week but did you know this also applies to off-the-plan apartment purchases?
The government revealed last week it would give Aussies that build a new home or renovate their own a $25,000 handout as part of its $688 million HomeBuilder scheme. When asked what type of 'homes' were eligible the Governments factsheet states "All dwelling types (house, apartment, house and land package, off-the-plan, etc) are eligible under HomeBuilder, in accordance with the requirement that the owner-occupier must contract to build a new dwelling or substantially renovate their existing dwelling. The applicant must also meet the eligibility requirements outlined."
First Home Buyers can also get their hands on the HomeBuilder grant.
The grant is complementary to existing state and territory first home owner grants, stamp duty concessions and the government’s First Home Loan Deposit scheme, as well as the First Home Super Saver scheme. Which means eligible First Home Buyers could be eligible for big savings.
To find out more about which properties are eligible for the HomeBuilder Grant. Speak to our team.
*subject to being eligible for the HomeBuilder Grant.