Call Us +1-555-555-555

The Federal Government today announced the HomeBuilder Package.

4 June 2020
HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. HomeBuilder will assist the residential construction market by encouraging the commencement of new home builds and renovations. 

You will be able to apply for HomeBuilder when the relevant State or Territory Government that you live in, or plan to live in, signs the National Partnership Agreement with the Commonwealth Government.

Some of the facts for you: 
  • Applies to new builds or substantial renovations
  • The property must be your Principle Place of Residence (no investment properties).
  • The grant is additional to any other building grants/subsidies, including the First Home Buyers
  • The contract must be entered into between 4 June 2020 and 31 December 2020, and construction must begin within 3 months of the contract date.
  • Caps:
    • Income:
      • Couples must have earned less than $200,000 in previous financial year
      • Individuals must have earned less than $125,000 in previous financial year
    • Property value:
      • New build property value cannot exceed $750,000.00
      • The House value prior to renovations cannot exceed $1.5 million
  • For House renovations the value of the renovation must be between $150,000 and $750,000. The renovation does not include building sheds, granny flats, pools or tennis courts. Attachment to main residence is required.
  • The construction must be completed by a licenced or registered builder and be an ‘arm’s length’ transaction 
Some standard rules apply so please contact our Lending Division to talk about how we can assist you to take advantage of this HomeBuilder package.


Latest News

17 January 2025
Navigating Inheritances. Nicholes Family Law Partners Nadine Udorovic and Bec Dahl chat to Danny Archer and Damian McMahon. Together, they delve into the complexities of inheritances, offering valuable insights from both legal and financial perspectives on how to navigate this important topic.
18 December 2024
Watch the video above from Thayne. As 2024 comes to a close I thought I'd take the opportunity and send a thank you note to you all as gratitude for your continued support and loyalty. Throughout 2024 we have experienced; 1. Exceptional investment returns from all asset classes and sectors: ASX 200 up 23% S&P 500 up 30% AUST. Bonds up ~4.5% INTERNATIONAL Bonds up ~6% Aust Retail Property Trust up 39% 2. This hopefully reminds you all that it's best to remain invested even when economic conditions are uncertain. 3. We are actively monitoring and keeping an eye on US economic data particularly to understand which direction inflation may head, how this will impact interest rates and currency valuations, will there be a resurgence of small companies, emerging markets and bond and property prices. 4. With our research team we are well positioned to keep on top of the ever changing landscape, making investment decisions to maximise returns and minimise risk with regular investment committee meetings and analysis of data. 5. For many of our actively managed investment portfolios we ranked in the top 5 if not top 10 of throughout the course of the year which is a testament to the structure of Mulcahy & Co offices, people, systems and processes that we continue to build on to provide a quality service and outcomes to you all. 6. Please remember here at Mulcahy & Co the Financial Planning team is a part of a bigger network incorporating Accounting, Lending and Legal to deliver Financial Security 360 to make sure all of your financial needs are met and complement each other to achieve your goals and objectives. Once again I'd like to thank you for your support and wish you and your families a Merry Christmas and happy new year. The Mulcahy & Co Financial Planning Team
1 November 2024
We meet Accounting Partner Eamon and Mark from Compass Business Accountants who has joined the Mulcahy & Co Group operating from our Toowoomba, Queensland office. Host Gavin Nash talks to the pair who are operating from this thriving inland city and what services they offer their clients.
Show More
Share by: