Latest News - June
Save Up to $55K* on Your Dream Home at Bowery
The federal government has just announced a HomeBuilder grant in an effort to boost demand in the construction sector and keep builders employed.
Under the scheme, the government will provide eligible owner-occupiers with a grant of $25,000 to build a new home or substantially renovate their existing one. Contracts must be entered into between now and the end of the year, with work to begin within three months of the contract date.
It’s even better news for buyers looking to build their dream home at Bowery, with an additional $20K off all lots in our community! That means all homebuyers could save up to $45K off their house and land price. And if you’re an eligible first home buyer that could increase to $55K* with the First Home Owner Grant. Talk about savings that aren’t to be missed!
Even more excitingly, titles for Stage 1A and 1B at Bowery are due by August this year! That means you’ll be able to commence building your chosen house and land package within three months.
There are only a few other conditions that would be home builders have to meet in order to take up the HomeBuilder grant for Bowery:
- Build contract must be entered into between 4 June 2020 and 31 December 2020
- Construction of new homes to commence within three months of the build contract date
- New builds are capped at $750,000
- You must be an individual, not a company or trust
- You must be aged 18 years or older
- You must be an Australian citizen
- You must earn less than $125,000 or in a couple earning less than $200,000
HomeBuilder will also complement existing State and Territory First Home Owner Grant programs, stamp duty concessions and other grant schemes. Additionally, under the scheme, new builds will be capped at a combined value of $750,000 for house and land and must be intended as your principal place of residence.
This government cash splash should not only help Australians bring their dream home to life, but also help create jobs and support workers across the building industry. It’s a win, win, win!
If you’ve been thinking about building a new home for you and your family, now might be the perfect time. Take advantage of the $25K HomeBuilder grant PLUS get an additional $20K off any lot at Bowery. Demand will be high, see the latest house and land packages on offer at Bowery, including a vast range under $750,000 with titles nearing mid-2020. Call Greg on 0427 398 171 for more information!
*See full T&C’s for those also eligible for First Home Owner Grant