The HomeBuilder Grant is a time-limited, tax-free grant to help stimulate the residential construction market during the Coronavirus Pandemic. HomeBuilder will provide eligible owner-occupiers (Including First Home Buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. HomeBuilder will be available for applicants who entered into a building contract, with a licenced or registered builder, between the 4th of June 2020 and 31st of December 2020. The construction or renovation must commence within three month of the contract date.


To access the Grant, owner-occupiers must meet the following eligibility criteria:

1)   You are a natural person (not a company or trust);
2)   You are aged 18 years or older;
3)   You are an Australian Citizen;
4)   You meet one of the following two income caps:

a) $125,000 per annum for an individual applicant;
b) $200,000 per annum for a couple

5)  You enter into a building contract between 4/6/2020 & 31/12/2020 to either:

a) Build a new home as a principal place of residence, where the property value (house & land)  does not exceed $750,000; or
b) Substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 & $750,000, and where the value of your property (house & land) does not exceed $1.5 million.

6)  Construction must commence within three months of the contract date.

For those of our clients that had reached out, you would have heard our team advising that we are still yet to hear or get confirmation regarding a few areas which play an important role with regards to the implications of this Grant to your individual situation. The three things we are waiting to hear more about are:

1.     At what point the Grant is paid during the build contract?
2.     Where/How to access the Grant?
3.     How Lenders will treat this Grant (More Specific For First Home Buyers)?

    Fast & Free Assessments

    I want to enquire about :


    As individual States and Territories are yet to sign the National Partnership Agreement with the Commonwealth Government, we are yet to know an exact start date when the grant applications can be submitted. However, have comfort in knowing that whilst the actual application process has not been finalised yet, our interpretation is that the State or Territory authority will have the ability to backdate acceptance of the HomeBuilder grants to the 4th of June 2020, once the National Partnership Agreement is signed.


    Currently, certain lenders allow the ability for FHOG to be considered as a deposit when completing a land and build (and when purchasing a Brand New or Substantially Renovated property). As FHOG is paid at Base Stage, clients will never really see the funds as it will usually get paid straight to the builder.

    Generally speaking, applicants will still need to have savings of around 5% deposit in order to proceed with some of the mainstream lenders.

    So what we are waiting to find out more from lenders is;

      1. Will they consider the HomeBuilders grant in the same way as how they treat FHOG; &
      2. Will the Lenders still want First Home Buyers to have the minimum 5% deposit in order to  meet their policies?

    We are hoping in the next couple of weeks we can get a bit more understanding from both the Federal and State/Territory level authorities and from our lender partners regarding some of the above questions.

    As always, once we find out more details regarding how the above grant may benefit or influence your situation, we will let you know promptly.


    There has been considerable interest in this National Grant, and it will be important to get in early as the allocations are limited at this point.

    The Specialist at Brisbane Home Loans can review your financial position and advise you if are eligible for a loan and the grant.

    If you are ready to go, we will assist you to prepare an application ready to be lodged once the applications for the Federal Grant are ready. We will also assist guide you with details of the State Grant which collectively can provide you with a $40,000 contribution to your dream home.  Call Jordan or Dan on 3889 9250 to make an appointment.

      Fast & Free Assessments

      I want to enquire about :

        Fast & Free Assessments

        I want to enquire about :

        • All
        • Asset Loans
        • Car Loans
        • Commercial Loans
        • First Home Buyers Loan
        • Government
        • Home Loans
        • Investment Loans
        • Pre-Approvals
        • Refinance
        • Uncategorized

        Types of Home Loans: Which One Is Right for Me?

        Types of Home Loans - Which One Is Right for Me? First home buyers have a wide range of choices to make when choosing your loan.  One of the choices relates to over what time your loan will be repaid. This is influenced by a loan being principal and interest or interest only. Another choice

        What Do The 2032 Olympic Games Mean For Brisbane’s Property Market?

        What Do The 2032 Olympic Games Mean For Brisbane's Property Market? On July 21st, Brisbane was selected as the host for the 2032 Olympic games. Returning to Australia 32 years after it’s last appearance in Sydney in 2000, the Olympic and Paralympic games will be bringing a lot of people and revenue, sure to boost

        First Home Super Saver Scheme

        First Home Super Saver Scheme Budgeting can be hard for some, and the notion of saving a few thousand dollars for your first home can seem impossible. Luckily, there is the First Home Super Saver Scheme! If you are looking to buy your first home and could use a little help getting started on saving

        Why Choose Brisbane Home Loans

        You're In Good Hands

        Brisbane Home Loans is all about good old fashioned personal service without exception.

        We Find The Right Deal For You

        We take the time to listen to your needs and then search the market for the best products that satisfies your needs at the lowest possible cost to you.

        Ongoing Comittment

        We continue to work for you after the deal is finished, ensuring that we asess any new offers that become available which may improve your current deal.

        One Stop Lending

        We give our clients access to Personal Loans, Home Loans, Investment Loans and Commercial Loans.  You always only deal with on person for all your lending services.

        How We Work With Our Clients

        We can meet clients in our office, in their home, their office or the local coffee shop. Our initial interview will helps us understand the clients needs in the short, medium and long term so that we can find the best possible lender for your loan.

        The world of financing continues to be more and more complicated. Our Lenders have experience in finding the right product to meet the specific needs of each of our clients.  During this phase, we identify two to three options that may be suitable.

        Our Lending Specialists will present to you a number of options available outlining  the differences, benefits and downfalls of each option presented. Our preferred option and reasons why, we consider this the best fit for you will be clearly explained.

        Our Lending Specialists work with our clients to have all documentsation signed, submitted to the lending institution and processed through to approval.

        We pride outselves on client service which is why our Lending Specialists establish a reasonable review timeframe where they touch base with our Clients to ensure everything is working as planned.  During this review, the client is made aware of any new financing options in the market.

        Brisbane Home Loans is not about one off loans. We truly care about our clients, which is why we stand by their side beyond the completion of the loan.

        What Does A Mortgage Broker Do

        Listen and Evaluate Your Needs
        Calculate How Much You Can Borrow
        Compare Options Available to You in The Market
        Provide You Expert Advice
        Do All The Leg Work
        Obtain Pre-Approval For You
        Create A Plan For You To Ensure Your Always Getting The Best Deal
        Most Importantly We Provide This at No Cost To You


        Request a call Back.

        Would you like to speak to one of our financial advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

          Immediate Response: