Coronavirus: HomeBuilder Grant Program

Have you always wanted to renovate the bathrooms? Thought about extending the house? Adding a second storey? Now is the time with the Federal government’s HomeBuilder grant! According to Domain’s findings[1], some builders have seen an increase in enquiries of up to 30%. Let Corona Projects help you unlock the potential of your property.

What is the HomeBuilder Program?

The HomeBuilder program aims to assist Australians in undertaking building and renovation works. Providing $25,000 tax-free to Mum and Dad builders across the country, the grant supports those building a new principle place of residence or undertaking substantial renovations. It is federal stimulus package designed to help you start those renovation / building plans you have had on the backburner. It can be complimented with other state-based programs such as:

• First Home Buyer’s New Home Scheme
• Stamp Duty Exemption
• Commonwealth First Home Loan Deposit Scheme
• First Home Super Saver Scheme

Am I eligible?

You are eligible for the scheme if you are an Australian citizen and you meet either of the following conditions:

• You will build a new home where your property value does not exceed $750,000,
• The renovation value will be between $150,000 and $750,000 where the pre-renovation value of house and land does not exceed $1.5 million,

and have a taxable income of less than $125,000 for singles or $200,000 for couples.

You must also be the owner building a principle place of residence, as a title deed is required to access the grant.

If you are eligible, you MUST have a contract signed with a licenced builder between the 4^th of June and the 31^st of December. Construction must then commence within three months of the contract date.

“There has been a remarkable increase in enquiries after the announcement of the scheme,” says Town Planner Emma Rogerson, so do not hesitate to contact us if you think you may eligible.

What can I do and how can Corona Projects help?

Renovate your home

Now is the time to renovate. 23,000 Australians have already registered their interest in the program according to the Federal Minister for Housing and Assistant Treasurer Michael Sukkar[2]. Experts in the property market advise that refurbishing bathrooms, kitchens and other fixes such as new flooring go a long way in creating a good first impression and increasing the value of your home. Works improving the accessibility, safety or liveability of a residence can access the HomeBuilder grant. Let us help you with the preliminaries. We’ll let you focus on truly shaping the renovation by organising your Complying Development Certificate (CDC) and Development Application (DA) approvals, drafting documentation, architectural design, structural and stormwater engineering design, and communicating with Council & Certifiers on your behalf. We will make the entire process as seamless and stress-free as possible. We can assist with:

• Ground floor extensions
• First floor addition/s
• Rumpus room addition
• Internal wall removal
• Home cinema addition
• Wine cellar addition

And many more!

Build your home

With the Homebuilder grant you can build your dream home. If you have a plot of land, or a vacant block now is the time to build. Corona Projects can you help you with optimal procurement, contractor communication and performance management to ensure that you can have a contract signed before the 31^st of December. We utilise our experience to prepare procurement methods and select forms of contract that are most appropriate for each client. These may range from traditional lump sum, design and construct to cost plus and management contracts. We can also provide Superintendent Services, always acting in the interest of our clients to achieve optimal outcomes. Corona Projects manages and assesses all claims made by contractors on the client’s behalf, such as variation claims, time extension claims and progress claims. Armed with experience, our early involvement and stakeholder management leads to mitigate risks and effect cost control.

Why Corona Projects and how do I get started?

Corona Projects has the expertise garnered from over 25 years in the construction and property development industry. We work quickly and effectively, enabling you to meet the 31^st of December deadline. Providing flexible working hours, available 7 days a week Corona Projects brings experts from building designers, certified town planners, quantity surveyors, engineers and others together to ensure your project vision is realised.

Every property is different and the information provided will vary depending on your property. It is always recommended that you consult our Town Planner prior to undergoing development works.

To discuss further how Corona Projects can help you, please do not hesitate to contact Alex and the team for your FREE consultation.

 

Request an Obligation Free First Consultation

Bibliography

Jones, K. (2020, June 21). ‘It’s an extra kick’: New-home inquiries spike as buyers jump on HomeBuilder grant. Retrieved June 23, 2020, from Domain

Sweeney, N. (2020, June 15). ‘Frustrating’: State delays hold up HomeBuilder grants. Retrieved June 23, 2020, from The Australian Financial Review: 

 

[1] Jones, Kate. 2020. ‘It’s an extra kick’: New-home inquiries spike as buyers jump on HomeBuilder grant. 21 June. Accessed June 23, 2020.

[2] Sweeney, N. (2020, June 15). ‘Frustrating’: State delays hold up HomeBuilder grants. Retrieved June 23, 2020, from The Australian Financial Review