Big news in the Australian housing market, with the federal government announcing they will be extending the paperwork deadline for the HomeBuilder scheme, giving Aussie homeowners more time to cash in on the $25,000 grant.
Deadline for HomeBuilder Grant Applicants Extended
Existing applicants who would otherwise miss the current deadline of 30 April 2023, will now have until 30 June 2025 to submit their supporting documentation, subject to the agreement of states and territories.
The move will come as a massive relief for hundreds of applicants, many of whom have received formal approval for off-the-plan purchases or renovations but have been impacted by supply constraints and construction-industry delays.
Here’s everything else you need to know about the deadline extension:
Can I still apply for a HomeBuilder grant?
No. Applications for the grant closed in April 2021.
Who does the extension apply to?
The extension will only apply to existing, already approved HomeBuilder applicants who had received formal approval under the scheme for off-the-plan purchases or renovations.
What needs to happen for the extension to come into effect?
Negotiations between federal, state and territory governments will need to occur in order for the extension to be rolled out.
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