The Morrison Government has extended the construction commencement requirement for the successful HomeBuilder program from six months to 18 months for all existing applicants, bringing the total level of expected Government support for the construction sector under the program to $2.5 billion.
The extension only applies to existing applicants and provides an additional 12 months to commence construction from the date that the building contract was signed. All applicants who signed contracts during the HomeBuilder eligibility period between 4 June 2020 and 31 March 2021 have this extension applied to them.
Applications closed on the 14th of April, however, applicants have until 30 April 2023 to submit all supporting documentation (such as invoices for work done, and proof that construction has started) to their State or Territory Revenue Office.
The supporting documentation will allow for the payment of the HomeBuilder grant. Timing of the payment depends on whether an application relates to a new build, substantial renovation or off-the plan / new home purchase.
More information on HomeBuilder can be found on the Treasury website.