{"id":2326,"date":"2020-06-08T09:59:23","date_gmt":"2020-06-08T09:59:23","guid":{"rendered":"https:\/\/www.tagfinancial.com.au\/blog\/?p=2326"},"modified":"2020-12-09T00:59:10","modified_gmt":"2020-12-09T00:59:10","slug":"homebuilder-grant-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.tagfinancial.com.au\/blog\/homebuilder-grant-what-you-need-to-know\/","title":{"rendered":"HomeBuilder Grant \u2013 what you need to know"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Author: Sal Cinque, CEO, TAG Finance &amp; Loans<\/em><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.tagfinancial.com.au\/blog\/wp-content\/uploads\/2020\/06\/iStock-589946802-doc.jpg\" alt=\"\" class=\"wp-image-2328\" width=\"347\" height=\"235\" srcset=\"https:\/\/www.tagfinancial.com.au\/blog\/wp-content\/uploads\/2020\/06\/iStock-589946802-doc.jpg 800w, https:\/\/www.tagfinancial.com.au\/blog\/wp-content\/uploads\/2020\/06\/iStock-589946802-doc-300x203.jpg 300w, https:\/\/www.tagfinancial.com.au\/blog\/wp-content\/uploads\/2020\/06\/iStock-589946802-doc-768x519.jpg 768w\" sizes=\"(max-width: 347px) 100vw, 347px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The Federal Government has announced its latest stimulus initiative with the HomeBuilder package, offering $25,000 cash grants to people to renovate their properties or build new homes.&nbsp;Here are the details below:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"color:#00594f\" class=\"has-inline-color\">Duration<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Applies to building contracts that were signed between 4 June 2020 and 31 December 2020<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"color:#00594f\" class=\"has-inline-color\">Eligibility<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Must be 18 years of age or older<\/li><li>Be an Australian Citizen<\/li><li>Individuals only, no trusts or companies<\/li><li>No investors or owner-builders<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"color:#00594f\" class=\"has-inline-color\">Means Tested<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Singles earning $125,000 per year or less<\/li><li>Couples combined income of $200,000 per year or less<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"color:#00594f\" class=\"has-inline-color\">Approved Purpose<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Minimum renovation cost $150,000<\/li><li>New home builds to a max value of $750,000<\/li><li>Existing home renovations where the existing property value is less than $1.5million<\/li><li>Cannot be used for additions that are unconnected to the principal place of residence such as swimming pools, tennis courts, garages, sheds, etc.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">If you fit the criteria, this is an attractive incentive, especially combined with the ability to re-finance existing loans at historically low interest rates.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><strong><span style=\"color:#00594f\" class=\"has-inline-color\">For more information visit <\/span><\/strong><a href=\"http:\/\/www.treasury.gov.au\/coronavirus\/homebuilder\"><strong>www.treasury.gov.au\/coronavirus\/homebuilder<\/strong><\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.tagfinancial.com.au\/blog\/wp-content\/uploads\/2020\/05\/icons8-handshake-50-4.png\" alt=\"\" class=\"wp-image-2247\" width=\"35\" height=\"35\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">To find out more about your borrowing options to fund your renovations, contact us on 03 9886 0800 or email us at <a href=\"mailto:loans@tagfinancial.com.au\">loans@tagfinancial.com.au<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Disclaimer: The information contained on this page is general in nature. Professional advice should be sought before acting on any aspect on this page. Financial planning services provided by TAG Financial Advisors Pty Ltd (ABN 77 154 205 017 AFSL 415632), a wholly owned subsidiary of TAG Financial Services Pty Ltd (ABN 67 075 374 686). TAG Finance and Loans Pty Ltd ABN 25 609 906 863 Credit Representative Number 483873 National Mortgage Brokers Pty Ltd ABN 88 093 874 376 Australian Credit License 391209<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Government has announced the HomeBuilder package, offering cash grants to people to renovate\/build their properties. Here are the details&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2328,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-2326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-and-loans"],"_links":{"self":[{"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/posts\/2326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/comments?post=2326"}],"version-history":[{"count":0,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/posts\/2326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/media\/2328"}],"wp:attachment":[{"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/media?parent=2326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/categories?post=2326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tagfinancial.com.au\/blog\/wp-json\/wp\/v2\/tags?post=2326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}