Renovation Grants
The Federal Government is offering $25,000 grants to eligible Homeowners who renovate their homes before the end of 2020.
The program is a $668 million package designed to reward homeowners who are looking to make improvements including bathroom renovations, kitchen renovations, laundry renovations or complete home renovations.
Known as HomeBuilder, HomeBuilder is a time-limited, tax-free grant program to help the residential renovation and construction market to get through the Coronavirus pandemic.
HomeBuilder will provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to substantially renovate an existing home.
To access HomeBuilder, owner/occupier applicants must:
- be a natural person (not a company or trust);
- be aged 18 years or older on the contract date;
- be an Australian citizen;
- be below one of the following two income caps: $125,000 per annum for an individual applicant based on their 2018-19 taxable income or later; or $200,000 per annum for a couple based on their combined 2018-19 taxable income or later.
- enter into a contract from 4 June 2020 up to 31 December 2020 to substantially renovate an existing home as a principal place of residence, where the renovation contract is greater than $150,000 and does not exceed $750,000, and where the value of the existing property (i.e. house and land, before renovation) does not exceed $1.5 million.
You can register to receive updates when more information is available on the Treasury Coronavirus website: https://treasury.gov.au/coronavirus/homebuilder
Our enviable reputation has been built over a long time, with many beautiful renovations gracing homes all over Melbourne. Our loyal staff is a testimony of our commitment to quality renovations.
CONTACT
Email: office@mwhomes.com.au
Office : Suite 510, 737 Burwood Road
Hawthorn East 3123
(By Appointment)
Mail: PO BOX 449, Canterbury, VIC 3126
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