--- title: Home builder grant of $25,000 description: The Federal Government has unveiled its HomeBuilder package,home owners to apply for a tax-free grant of $25,000 if they are spending between $150,000 and $750,000 renovating a home or building a new home — but the eligibility criteria are reasonably tight. image: https://www.sydneyconveyancing.com.au/hubfs/Conveyancing-Parramatta-Licensed-Conveyancers-Fixed-fees-Real-Esate-Solicitors.png --- [![sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital](https://www.sydneyconveyancing.com.au/hubfs/sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital.png) ![sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital](https://www.sydneyconveyancing.com.au/hubfs/sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital.png) ![sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital](https://www.sydneyconveyancing.com.au/hubfs/sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital.png) ](https://www.sydneyconveyancing.com.au) ## Conveyancing Blog ###### 2 min read # [Home builder grant of $25,000](https://www.sydneyconveyancing.com.au/conveyancing-blog/home-builder-grant-of-25000) Jul 3, 2020 12:59:49 PM - [Tweet](https://twitter.com/share) The Federal Government has unveiled its HomeBuilder package,home owners to apply for a tax-free grant of $25,000 if they are spending between $150,000 and $750,000 renovating a home or building a new home — but the eligibility criteria are reasonably tight. HomeBuilder will provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home where the contract is signed between 4 June 2020 and 31 December 2020. Construction must commence within three months of the contract date. ## Are you eligible? Here are few conditions you will need to meet to be eligible: - You need to be an adult Australian citizen with a taxable income less than $125,000 a year. If you live with your partner, your combined income has to be less than $200,000 per year - Before the end of the year, you need to enter a contract to renovate or build your main place of residence, with construction to begin within three months of the contract date (no investment properties) - For renovations, you need to spend between $150,000 and $750,000 of your own money, and the house you're renovating must be valued at less than $1.5 million prior to renovations - For new builds, the total value of the completed home needs to be less than $750,000, including land. Should you meet the criteria, there is still a handful of requirements on the contract side. For instance, your contract needs to be negotiated at a fair market price, to prevent people from asking their builder for favour costs so you can access the grant. Please call Sydney Conveyancing to assist you with your Contract on **02 6989 4656.** Topics: [Real Estate Conveyancing](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/real-estate-conveyancing) [Conveyancing](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/conveyancing) [Conveyancing Sydney](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/conveyancing-sydney) [First Home Buyers Scheme](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/first-home-buyers-scheme) ##### Written by [Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW](https://www.sydneyconveyancing.com.au/conveyancing-blog/author/sydney-conveyancing-fixed-professional-fees-conveyancing-in-sydney-across-nsw) ###### [** Previous Post](https://www.sydneyconveyancing.com.au/conveyancing-blog/new-requirements-for-off-the-plan-contracts-from-1-december-2019) [![](https://www.sydneyconveyancing.com.au/hubfs/Conveyancing-Sydney-Fixed-Conveyancing-Costs-Licensed-Conveyancers.jpg) ](https://www.sydneyconveyancing.com.au/conveyancing-blog/new-requirements-for-off-the-plan-contracts-from-1-december-2019) ###### [New requirements for off-the-plan contracts from 1 December 2019](https://www.sydneyconveyancing.com.au/conveyancing-blog/new-requirements-for-off-the-plan-contracts-from-1-december-2019) ###### [Next Post **](https://www.sydneyconveyancing.com.au/conveyancing-blog/government-supporting-first-home-buyers) [![](https://www.sydneyconveyancing.com.au/hubfs/Blacktown-Region-NSW-Licensed-Conveyancers-Fixed-Conveyancing-Costs.jpg) ](https://www.sydneyconveyancing.com.au/conveyancing-blog/government-supporting-first-home-buyers) ###### [Government supporting First Home Buyers](https://www.sydneyconveyancing.com.au/conveyancing-blog/government-supporting-first-home-buyers) ### Post a Comment ### Featured ### Sign up for updates ![](https://www.sydneyconveyancing.com.au/hubfs/sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital.png) SYDNEY CONVEYANCING - Licensed Propety Conveyancers. 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