Time to plan a new build or a substantial renovation! The government will assist all eligible people with a grant of $25,000 to help the residential construction market bounce back.
Who will be eligible?
You have to be a natural person and no an entity, be 18 years or older, an Australian citizen and meet income caps in order to be able to access it.
If you are an individual, your income cap is $125,000 per annum. For a couple, it is $200,000 based on 2018-19 tax returns.
The building contract has to be entered between 4th of June and 31 December 2020. Also construction must commence between 3 months of signing the contract.