15th June 2020
If you have been thinking about purchasing a brand new home, now could be the perfect time!
The recent announcement of the Federal Government HomeBuilder stimulus scheme for new housing means that you could be one step closer to moving into your new home at Klemzig on Fourth. A cash grant of $25,000 will be available to buyers who meet the below criteria. 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!
We've attempted to answer many of the questions we're hearing from purchasers. But as always, if you are still unsure of anything, please contact our Sales Agent Tom McVann on 0434 877 598.
What is the HomeBuilder Grant?
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.
What is the timeline for accessing HomeBuilder?
You will need to sign a build contract any time between now and December 31st, 2020. To receive the Grant, the build must commence within 3 months of signing the contract.
Can we start building within 3 months?
The best thing about Klemzig on Fourth is that our site is well and truly advanced, meaning that we can start building your home within the restricted timeframe.
Is there an age restriction?
Yes, you must be 18 years or older. And you need to be an Australian citizen.
Can I use the HomeBuilder Grant for an investment property?
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.
Is there a value cap?
Luckily for you, all of the homes at Klemzig on Fourth fall below the capped house and land value of $750,000.
Is there an income cap?
Again, yes. 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.
Who can help establish if I'm eligible?
Our Sales Agent, Tom McVann, is well-versed on the eligibility criteria of the HomeBuilder Grant. Just give Tom a call on 0434 877 598 to chat through your options. Together, you will be able to establish your eligibility, whilst also finding the perfect home for you at Klemzig on Fourth.
How do I apply for the Grant?
Tom can assist 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 Tom McVann on 0434 877 598 or email email@example.com
To learn more about the $25k HomeBuilder Grant, visit https://treasury.gov.au/coronavirus/homebuilderhere.