What are your dreams for 2021?

If building a new home is on your wish list, you’ll want to read this … The government has extended the HomeBuilder Grant program until 31 March.

It’s great news for eligible owner-occupiers wanting to build a new home because it means you will be given a $15,000 grant to help you make your dreams come true.

To receive the grant, there are some eligibility criteria such as:

• The home must be your principal place of residence
• You must enter into the contract to build between 1 January – 31 March, 2021
• The value of the property must not exceed $950,000 if located in NSW
• Construction must commence within 6 months of the date the contract is signed
• You must be an Australian citizen 18 years or older
• You have until the 14 April 2021 to submit your HomeBuilder application to your local State Revenue Office

The HomeBuilder grant is NOT just for first home buyers. Anyone building a new home who meets the eligibility criteria can apply. That’s great news!

Where do you start?

Often the simplest way to build the new home of your dreams is to take advantage of a House and Land Package. ZAC Homes have a number of designs that fall below the value cap – yet everything you can imagine is included.

With over 20 years’ experience, the ZAC Homes team makes building your new home easy. You’ll have a dedicated Client Liaison Officer to help you every step of the way and answer any questions you may have. You’ll also have a site manager who ensures every aspect of building your new home is streamlined and efficient.

Depending on the option you choose, your ZAC House and Land package offers a choice of:

• 3 or 4 bedrooms
• 2 or 2.5 bathrooms
• 1 or 2 car garage
• An alfresco area
• Caesarstone bench tops in the kitchen
• Additional fittings such as carpet, blinds and soft landscaping of lawns and basic garden beds

Tired of dreaming about a new home? See how the HomeBuilder grant can turn your dream into a reality.

Were you planning to build your first home this year … then COVID hit? You don’t need to postpone your dreams if you qualify for the Government’s $25,000 HomeBuilder grant.

Just imagine having an extra $25,000. It’s not a loan. It’s a grant which means you don’t pay it back. It’s yours if you are eligible.

About the HomeBuilder grant

The HomeBuilder grant is a government initiative to invigorate the residential building market. It can be used for new builds and substantial home renovations. To qualify, certain eligibility criteria must be met but if you do, the grant can be used to:

• Purchase a new House and Land package
• Build a new home on land you already own
• Purchase off-the-plan
• Undertake a substantial renovation on an existing house

In addition to the HomeBuilder grant, first home buyers may also be entitled to further financial assistance from:

• The NSW Government’s First Home Owner grant and stamp duty concessions
• Commonwealth Government’s First Home Loan Deposit Scheme and First Home Super Saver Scheme

Eligibility

To be eligible for the HomeBuilder grant, your new home cannot exceed $750,000 in value and you must:

• Build a new home to live in – investment properties aren’t eligible for the grant
• Be over 18 and an Australian citizen
• Meet the income cap of $125,000 per annum for individuals or $200,000 for couples based on your 2018-19 taxable income
• Sign a building contract between 4 June – 31 December, 2020 with construction commencing within 3 months of signing the contract

If it feels like a rush to begin construction within 3 months of signing the contract, don’t worry. It won’t be a problem if you choose the right building company. In addition, the Government will allow extensions under certain circumstances such as:

• Substantial periods of bad weather
• Delays in obtaining council approval
• Difficulties in obtaining construction materials and/or sub-contractors