Edgewater Shores is a prime example of where the Federal Government's new HomeBuilder grant will take effect. The new Federal Government HomeBuilder grant will provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home where the contract is signed between 4 June 2020 and 31 December 2020. Construction must commence within three months of the contract date.
The best way to find out how to make this work for a new house at Edgewater Shores is to contact us. Our last 4 lots in Stage 2 are perfect for this grant insofar as they will allow you room to build your dream home and still be under the $750,000 cap.
What is the HomeBuilder Grant?
- $25,000 grant to build a new home
- Available to eligible first home buyers and owner-occupiers
- Must be entering into building contract between 4 June 2020 and 31 December 2020
- Construction must be with a licensed builder, and start within 3-months of the contract date
- Available to anybody who successfully applies
Who is eligible for the HomeBuilder Grant?
To be eligible for the HomeBuilder grant to build a new home, owner-occupiers must meet the following eligibility criteria:
- you are a natural person (not a company or trust);
- you are aged 18 years or older;
- you are an Australian citizen;
- you meet one of the following two income caps:
- $125,000 per annum for an individual applicant based on your 2018-19 tax return or later;
- or $200,000 per annum for a couple based on both 2018-19 tax returns or later;
- you enter into a building contract between 4 June 2020 and 31 December 2020 to build a new home as a principal place of residence, where the property value does not exceed $750,000;
- construction must commence within three months of the contract date.
Example House & Land Package
Take the house + land package below from Pycon Homes. On Lot 27, this house + land package provides a sensational new home for under the HomeBuilder Grant threshold of $750,000. The land is registered and available to settle ASAP.
Our first houses are just in the last phases of construction. Come down and see the activity for yourself. Please email us or call or text 0423 339 223 to make an appointment.
About Edgewater Shores
Our local sales team would be happy to provide more information about Edgewater Shores and the surrounding area. If you would like further information, please register here or call us on 1300 944 060 or text 0423 339 223.