If you have been thinking about building a new home in the beautiful coastal town of Victor Harbor, now is an opportune time.
The recent announcement of the Federal Government HomeBuilder stimulus scheme for new housing means that the home you have always wanted to build, may well become a reality.
A cash grant of $25,000 will be available to land buyers who sign a build contract before the end of the year. And the grant doesn’t impact on the $15,000 First Home Owner Grant, so if you ARE a first home buyer, you could access up to $40,000 in total!
There is some criteria surrounding the HomeBuilder Grant, so to save you time, we have answered some frequently asked questions below. And as always, if you still have questions, please contact our Sales Agent Richard Joy on 0439 504 440.
Here is what you need to know about the $25k HomeBuilder Grant.
Tell me more about HomeBuilder
The HomeBuilder Grant is a stimulus package designed by the Federal Government, to assist the building and property industry through the ongoing economic effects of COVID-19.
How long is HomeBuilder available for?
You will need to sign a build contract any time between now and December 31st, 2020. To receive the Grant, you must commence building within 3 months of signing the contract.
Can a builder really start within 3 months?
Yes – certain builders will have the capacity to start within 3 months. The land at Greenhills is titled and build-ready so that there are no onsite delays. Talk to us about choosing your builder, we can help with some introductions!
What’s the age restriction?
Yes, you must be 18 years or older. You also need to be an Australian citizen.
Can I use the HomeBuilder Grant for my holiday home?
No, you must use the Grant for your principle place of residence. Ie, you must be an Owner Occupier, you’ll need to live in the home. No companies or Trusts are eligible for HomeBuilder.
How much can the house be worth?
Yes. The total value of the house and land must not exceed $750,000.
Is the Grant impacted by income?
Yes. The total value of the house and land must not exceed $750,000. Singles must be earning $125,000 annually or less based on 2018-19 tax return or later. Couples must earn $200,000 annually or less based on 2018-19 tax returns or later.
How can I use the HomeBuilder Grant at Greenhills?
You can purchase one of our available, titled allotments in our second stage at Greenhills. The release is selling extremely quickly off the back of the HomeBuilder announcement, so we urge you to move quickly! We can work with you to select the right block and the right builder.
How do I apply for the Grant?
We can help you through this process. You will be able to apply for HomeBuilder through the South Australian revenue office. You will need to provide specific documentation such as:
- proof of identity,
- a copy of the contract, dated and signed by you and the nominated registered or licenced builder,
- a copy of the builder’s registration or licence
- a copy of your 2018-19 tax return (or later) to demonstrate your eligibility against the income cap,
- documents such as council approvals, building contracts or occupation certificates and evidence of land value
- there may be additional documentation needed but this is yet to be announced.
Get started today, call Richard Joy on 0439 504 440 or email firstname.lastname@example.org