Michael Ferguson,Minister for Finance
Guidelines and criteria for the Tasmanian HomeBuilder Grant are now available, and we encourage eligible Tasmanians to apply.
The Tasmanian HomeBuilder grant provides eligible owner-occupiers with a grant of $20,000 to build a new home, while for first home buyers who are building a new residence or purchasing a newly built residence, the existing First Home Owner Grant of up to $20,000 remains available, but is not in addition to the Tasmanian HomeBuilder grant.
The Commonwealth HomeBuilder provides eligible owner-occupiers, including first home buyers, with a grant of $25,000 to build a new home or substantially renovate an existing home.
The Commonwealth and Tasmanian HomeBuilder grants will assist the residential construction market by encouraging the commencement of new home builds and renovations this year.
With the Tasmanian Liberal Government’s $20,000 grant and the Australian Government’s $25,000 grant for home builders, it means Tasmanians can potentially access up to $45,000 for their new home build.
As the only state with both Commonwealth and State grant programs, it makes Tasmania the best place to build a home, with the initiative set to stimulate investment in the private sector, strengthen the economy and create thousands of jobs.
We have worked closely with the Australian Government to ensure both our home builder grant programs are complementary and simple for application. Both the Commonwealth and Tasmanian HomeBuilder programs will be administered by the Tasmanian Government, making the application and administration as simple as possible for applicants.
Legislation to give effect to these programs will be introduced to Parliament and considered by both houses in the next sitting week later this month.
As we have long said, the best way to get our budget back on track, grow business confidence and create jobs is to grow the economy, and that is exactly what we are doing.
For guidelines and eligibility criteria, please visit:
Tasmanian HomeBuilder: https://www.treasury.tas.gov.au/about-us/tasmanian-homebuilder-grant
Tasmanian First Home Owner Grant: https://www.sro.tas.gov.au/first-home-owner
Commonwealth HomeBuilder: https://treasury.gov.au/coronavirus/homebuilder