There may never have been a better time to build a new home in Tasmania!

There’s up to $45,000 worth of grants available to build your new home with the announcement of new and extended Federal ($25,000) and State Government ($20,000) incentives.

So, what do you need to know?

We’ve collated the most up to date information for you right here (it actually took us a while to find it too!) so you can check your eligibility.

Aside from qualifying for the grants, another key ingredient is the signing of contracts and construction timelines.

You will need to sign a contract from today until the end of December and, construction must begin within three months.  Then there’ll be 2 years to complete the build of your new home.

We’re excited too and keen to talk through any questions you might have so please get in touch via our contact page.

Federal Government HomeBuilder $25,000

The Federal Government’s HomeBuilder will give eligible owner-occupiers (including new home buyers) with $25,000 to build a new home (or substantially renovate an existing home).

You will be able to apply for HomeBuilder via the Tasmanian Government.  We’ll keep you posted as more information about applications comes to light.

To see if you qualify jump onto the FAQ page.

Tasmanian Government First Home Builder Grant Extension $20,000

Premier Peter Gutwein has announced the Tasmanian Government’s First Home Builder grant of $20,000 will be extended to any owner-occupier (so you don’t have to be building your first home to qualify!)

Detailed guidelines are available via here

For the most reliable information about both grants visit the State Revenue Office Covid-19 webpage.

Want to read more?  Check out the local news announcements on ABC, the Examiner and the Advocate websites.

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Blog post written by Karli Franks. 

Photo by Andrea Piacquadio from Pexels