The HomeBuilder Grant is available to individual applicants and couples who are, or will be, registered as the owner on the certificate of title.
If you are the only person who is listed, or will be listed, on the certificate of title as owner of the property, you must apply as an individual applicant. If there is, or will be, more than one person listed on the certificate of title, they must jointly apply as a couple provided they meet the definition of ‘couple’.
Each applicant must be:
a natural person (not a company or trust),
aged 18 years or older at the date of the contract, and
an Australian citizen at the date of application.
The HomeBuilder Grant is only open to Australian citizens. Accordingly, permanent residents and/or visa holders are not eligible. Where two people are listed on the certificate of title as registered proprietors, they must apply for HomeBuilder as a couple and both applicants must meet the eligibility criteria, including the citizenship requirement.
When you must be registered on the certificate of title as the owner of the land or property depends on the type of contract you enter into:
For contracts to build, you must be registered on title as owner of the land by no later than the laying of foundations and the first progress payment is made.
For substantial renovations, you must be registered on the title as owner of the property at the time that you enter into the contract for renovation works.
For off-the-plan/new homes, you must be registered on the title as owner of the property when the building is completed and you are entitled to take possession of the home.
Applicant(s) must be below one of the following two income caps:
$125,000 per annum for an individual based on either your 2018-19 or 2019-20 taxable income, as shown on your notice of assessment issued by the Australian Taxation Office, or
$200,000 per annum for a couple based on either your combined 2018-19 or 2019-20 taxable income, as shown on your notices of assessment issued by the Australian Taxation Office.
A couple is considered as two people that are legally married, in a registered domestic relationship, or living as a couple on a genuine domestic basis, excluding people related to each other, e.g. siblings.
Each applicant must not have previously received the HomeBuilder Grant for any property owned individually or jointly with another person in any Australian state or territory.
Each applicant must live in the home as their principal place of residence for a continuous period of at least 6 months immediately on completion of construction, renovation or settlement.
Investment properties are excluded from the HomeBuilder program.
The home must be:
located in Victoria,
fixed to your land,
suitable as a place of residence, and
owned, or will be owned, by you (both dwelling and land).
A home is only eligible to receive the HomeBuilder Grant once.