Parramatta Eels fans can

Save up

Eels fans can

Save up

With the new

Homebuilder Grant

and Aland!

The Government announced recently that the highly anticipated new $25,000 HomeBuilder grant will be offered to eligible owner occupiers from 4th June 2020.

That means even if you’re not a first home buyer, you can save $25,000 on the purchase of your new ALAND apartment, subject to eligibility.

If you are a first home buyer, combine that with other government incentives and you could save up to $60,000.

Not ready to purchase yet? The Government has recently announced that the HomeBuilder grant is being extended until the 31st March 2021 at a lower rate of $15,000.

Case study

First home buyer Rebecca decides to purchase an off-the-plan apartment with ALAND and enters into a contract valued at $550,000 before 31st December 2020.

Rebecca’s bank applies on her behalf to the NSW revenue office to receive the HomeBuilder $25,000 grant.

The revenue office confirms that Rebecca is an Australian citizen, over the age of 18, has a taxable income under $125,000 (or $200,000 combined income if she was applying with a partner) based on her 2018-19 tax return and the value of the off-the-plan apartment is under the $750,000 contract price cap.

Rebecca is also eligible for the First Home Owners Grant of $10,000 and the First Home Buyers Assistance Scheme, meaning she is exempt from paying stamp duty. These combined allow Rebecca to save just over $55,000 on the purchase of her new ALAND apartment.

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