building & design tips

Take inspiration, tips and advice from our specialist design and building team

Home Builder Grant Extended!


Welcomed news from people considering a new home build, the Federal Government's HomeBuilder grant has been extended for another three months.

The HomeBuilder grant was first introduced in June 2020, providing eligible people with a $25,000 cash grant for new home builds and renovations. The grant was set to expire on 31 December 2020, however it will be extended to 31 March 2021 albeit at a lower cash rate of $15,000. Additional flexibility to the home value has also been introduced, with the cap rising from $750,000 to $950,000 in NSW.

With the grant extended, now could be the perfect time to build the home you've always wanted. In this short blog, you'll learn about the new criteria and find out whether you're eligible for the new HomeBuilder grant.

Extra flexibility in the 2021 HomeBuilder grant

Additional flexibility has been introduced to the 2021 HomeBuilder grant with previous limitations to the 2020 grant restricting many people who had high hopes of taking advantage of the grant. Changes to the HomeBuilder grant include:

  • $15,000 grant provided for new home building contracts signed between 1 January 2021 - 31 March 2021 (previously $25,000)
  • An increase to the house value cap from $750,000 to $950,000
  • Construction must start within six months of the contract date, previously three months
  • Clients now have up to 14 April 2021 to apply for the grant through the Government.

With concerns from people who had previously missed out on the grant due to tight restrictions, the new 2021 criteria provides relief for many people who have their heart set on a building a new home.

Am I eligible for the $15,000 HomeBuilders grant?

Those looking to take advantage of the HomeBuilder grant in 2021 will be entitled to $15,000 however must meet the the below guidelines before applying for the grant.

  • You must be earning no more than $125,000 based on your latest tax return. Alternatively, couples must have a combined income of no more than $200,000
  • Your building contract must be signed between the 1 January 2021 and 31 March 2021
  • The value of your new home (both house and land) must be $950,000 or less.

For example, if you purchase land for $500,000 in Sydney and add on a home build of $450,000, the house and land will total $950,000. As such, you would be eligible for the grant, so long as it's under $950,000 and you meet the criteria.

  • A knockdown rebuild is counted as a substantial renovation and is therefore subject to the renovation price range of $150,000 to $950,000, provided the total value of the house and land combined does not exceed $1.5 million prior to the knockdown
  • Investment properties are excluded from the grant
  • Applicants must be over 18, an Australian citizen, and must be an individual - not a company or trust
  • The HomeBuilder grant will be paid to you after your first progress payment

For more information about the HomeBuilder grant, head to the Australian Government's HomeBuilder page.

Now is the perfect time to build

long with the $15,000 home builders grant, we are also offering clients $50,000 worth of upgrades for just $5,000!

From 20mm stone benchtops, a luxurious free-standing bath, floor to ceiling tiling in the bathrooms, downlights, square set ceilings and more, you can take your new home to extraordinary levels for less.

Find out how you can benefit from this great deal with Montgomery Homes.

Take advantage of the $15,000 Home Builder grant and build your dream home today

Now is the perfect time to start planning and designing your brand new home. With the Government's $15,000 home builders grant, our $50,000 worth of upgrades promotion, to low interest rates, there's no better time to build than now.

Get in touch with the Montgomery Homes team

to find out if you're eligible for the $25,000 HomeBuilder package and how we can have your contracts signed before the grant end date of 31 December.

Similar Blogs

All Articles
  • All Articles
  • Acreage
  • Blog
  • Building Process
  • Featured
  • Finance Tips
  • Home Designs
  • Inspiration Gallery Blog
  • Interior Design
  • Narrow Blocks
  • News & Events
  • Selections Gallery
  • Selections Gallery Blog
  • Shaynna Blaze
  • Styling & Inspiration
  • Sustainable Living

Monaco 1 211 Wins 2020 HIA Awards

Our Monaco 1 211 display home has won the 2020 HIA Awards! Discover the benefits of this award winning design and take a virtual tour today!
Read in full

Home Builder Grant Extended!

On 28 November 2020, Prime Minister Scott Morrison announced the Home Builder grant will be extended to March 2021. With a lot of the restrictions eased, find out if you're eligible in this short read.
Read in full

Montgomery Homes Partners with Shaynna Blaze

Montgomery Homes’ best kept secret… We’ve partnered with celebrated interior designer, Shaynna Blaze, to bring you even more beautiful home designs!
Read in full

$25,000 Home Builder Grant: It’s Time to Build!

In June 2020, Prime Minister Scott Morrison announced a welcoming $25,000 cash grant for new home builds and renovations.
Read in full

New Display Homes Open at HomeWorld Box Hill

Montgomery Homes is thrilled to announce that we have officially opened our doors to four new display homes in Sydney’s North West region. The brand new display homes are located at the much anticipated HomeWorld at 19 Gittel Street Box Hill NSW, which is a vibrant new hub surrounded by parks, cycling paths and plenty of outdoor activity centres.
Read in full

Committed To Looking After Your Health & Wellbeing

As we navigate through these unprecedented times, we wanted to let you know that we're still here to make your home building dreams come true. Under the latest federal and NSW government guidelines, we can welcome groups - at a safe distance - throughout all our display homes. We are continuing to respect the health and safety of customers and have increased hygiene practices in place, such as hourly cleaning of all common surfaces, sanitiser on hand, availability of private or virtual appointments and leaving our doors open (literally and metaphorically speaking)
Read in full

Where You’ll Find Us This Christmas

With the festive season almost upon us, we'd like to take the opportunity to wish you and your family a Merry Christmas and a safe and happy New Year.
Read in full

Brand New Display Homes Now Open at HomeWorld Marsden Park

Montgomery Homes is excited to announce that we have opened our doors to two new display homes in Sydney’s North West region. The brand new display homes are located at the much anticipated precinct at 22 Ellison Street Marsden Park, which is surrounded by stunning mountain views and is spoilt with neighbouring parklands and plenty of space.
Read in full

Join our newsletter to receive our latest promotions,
news and helpful building and design tips