Springfield Rise House & Land Package

Page 10 Lendlease Springfield Rise at Spring Mountain $25k HomeBuilder Are you eligible? DOWNLOAD OUR FAQ SHEET  Prime Minister, Scott Morrison, has announced a new Government stimulus package, HomeBuilder, which provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home for a limited time. This, combined with record low interest rates, has created a great opportunity for anyone looking to buy a new home. WHAT IS HOMEBUILDER? HomeBuilder is a time-limited, tax-free grant program to assist the residential construction market by encouraging the commencement of new home builds and renovations this year – in response to the Coronavirus. 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. WHEN CAN I ACCESS HOMEBUILDER? HomeBuilder will be available for building contracts signed between 4 June 2020 and 31 December 2020, where construction or renovation commences within three months of the contract date. HOW CAN I ACCESS HOMEBUILDER? You should contact your relevant State or Territory authority on when and how to apply for HomeBuilder. You will be able to apply for HomeBuilder when the Government of the State or Territory that you live in, or plan to live in, signs the National Partnership Agreement with the Commonwealth Government. I AM NOT A FIRST HOME BUYER – CAN I ACCESS HOMEBUILDER? Yes. Provided you meet the eligibility criteria, you can apply for a HomeBuilder grant.However, HomeBuilder is not available for investment properties or to owner-builders. AM I ELIGIBLE TO RECEIVE HOMEBUILDER? To access HomeBuilder, owner-occupiers must meet the following eligibility criteria: • You are a natural person (not a company or trust); • You are aged 18 years or older; • You are an Australian citizen; • You meet one of the following two income caps: - $125,000 per annum for an individual applicant based on your 2018-19 tax return or later; or - $200,000 per annum for a couple based on both 2018-19 tax returns or later; • You enter into a building contract between 4 June 2020 and 31 December 2020 to either: - Build a new home as a principal place of residence, where the property value (house and land) does not exceed $750,000; or - Substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing Property (house and land) does not exceed $1.5 million; • Construction must commence within three months of the contract date. IS THERE A LIMIT TO HOW MANY PEOPLE CAN GET HOMEBUILDER? No. HomeBuilder is an uncapped, time-limited grant. If you think you might be ready to take advantage of this but have concerns about what the future holds, we’ve also put some programs in place to help you move forward and feel secure in your decision to do so.