If you are thinking of building, then make sure you have familiarised yourself with the HomeBuilder Grant being offered by the SA Government.
If you are eligible, you may qualify for this significant grant being offered by the SA Government. Read our update on HomeBuilder grant where the SA Gov has announced an extension to 31st March 2021.
There are a variety of conditions to qualify for the grant that you can read in this PDF
At this time through the most important piece of information you should consider it that the Grant ends 31 December 2020. If you don’t act promptly you may miss out on the opportunity to qualify for this grant ad so loose access to the $25,000 it offers.
How do I apply?
You can complete and lodge your application, including uploading your supporting documents, via the online portal https://www.firsthome.gov.au/homebuilder/sa/
When should I apply?
Applications for the HomeBuilder Grant must be received no later than 31 December 2020.
When will the grant be paid?
Payment of the HomeBuilder Grant depends on whether your application relates to a new build, substantial renovation or off-the plan / new home purchase:
- New builds – grants will be paid after construction has commenced and the first progress payment has been made to your builder.
- Substantial renovations – grants will be paid after construction has commenced and at least $150,000 of the contract price has been paid in respect of the renovation.
- For off-the-plan / new home purchases – grants will be paid after the applicant(s) name is registered
Will the grant be pre-approved
No, payment of the HomeBuilder Grant will not occur until after construction has commenced and once the first progress payment (for new builds), or at least $150,000 of the contract price (for substantial renovations) has been made.
For off-the-plan / new home purchases, the grant will be paid after the applicant(s) name is
registered on title.
How long will it take for my application to be processed?
The fastest way to have your application processed is to provide all necessary supporting documentation at the time you lodge your application. Your supporting documents need to demonstrate that you meet all eligibility criteria.
The time it takes each Revenue Office to process your claim will also depend on the volume
of applications received.
Who pays HomeBuilder and who receives it?
It is expected that the relevant State or Territory Revenue Office will distribute the $25,000 grant directly to the applicant.
Is the HomeBuilder grant taxed?
No – HomeBuilder will not be taxed in the hands of the owner-occupier. This is consistent with the existing State and Territory First Home Owner Grant program.
What documentation will I need to provide?
The State or Territory Revenue Office will require certain documents to process your application. More information on the documentation you will need to provide will become available through the relevant State or Territory Revenue Office.
What proof do I need to provide to show that I reside or intend to reside at the property?
This will be determined by the relevant State or Territory Revenue Office.
What happens if there is a change in circumstance and I’m no longer eligible?
If your circumstances change after you have applied for HomeBuilder but have not yet received the payment, and no longer meet the eligibility criteria, you will need to notify your State or Territory Revenue Office immediately.