Am I eligible for HomeBuilder?

To receive the HomeBuilder grant, you’ll need to:
  • Be an individual

    Be an individual and not a company or trust.

  • Be an Australian citizen

    Be an Australian Citizen aged 18 years or older.

  • Meet the annual income caps

    Meet the annual income caps of $125,000 per annum for an individual applicant or $200,000 per annum for a couple, based on the 2018-19 tax return(s) or later.

  • Building a new home?

    You'll need to enter into a building contract to build a new home as a principal place of residence, where the property value (house and land) does not exceed $750,000 (if contract is signed between 4 June and 31 December 2020) or does not exceed $950,000 in New South Wales, $850,000 in Victoria and $750,000 in all other states and territories (if contract is signed between 1 January and 31 March 2021).

  • Renovating your home?

    You'll need to enter into a building contract to substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of the existing property prior to renovation (house and land) does not exceed $1.5 million.

  • Exclusions

    Renovations cannot include additions to the property such as swimming pools, tennis courts, outdoor spas and saunas, sheds or garages (unconnected to the property).

  • Construction commence date

    Ensure that construction of your new home commences within three months of the signed contract date

To apply for HomeBuilder, you may be asked for:

You may be asked for some of the following documents:
  • Proof of identity

  • A copy of the contract dated and signed by the applicant and the nominated registered or licensed builder#

  • A copy of the builder's registration or licence depending on state or territory requirements

  • A copy of your 2018-19 tax return (or later) to illustrate your eligibility under the income cap

  • Documents such as council development approvals, building contracts, occupation certificates and evidence of land value

More information on the documentation you will need to provide will become available through the relevant State or Territory authority.


Applications are now open in South Australia for the Federal Government's $25 000 HomeBuilder Grant. See the HomeBuilder Grant page for details on eligibility criteria and to access the application form.


For full eligibility requirements and FAQs on HomeBuilder, visit the click here.


You can register to receive updates when more information is available on the Treasury Coronavirus website.


Want to talk to someone? We're here to help.

Kick start your homeownership goals. Find out more about eligibility and how much you can borrow. One of our friendly staff will be in touch to take you through our lending options.

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Ready to build a house or renovate?

Build your dream home with a construction loan from People’s Choice. Choose from a range of construction loan options to best suit your needs.

The construction period of your loan will be interest only. You have the option of applying for a further interest only period at the end of your construction period, otherwise, the loan reverts to principal and interest repayments.

* effective from 1st July 2020

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