Does your builder have the capacity to start within 3 months?
To receive the $25,000 HomeBuilder Grant (to build a new home up to the value of $750,000), not only must the contract be signed between 4 June and 31 December 2020, but construction must commence within 3 months of the contract date. So it’s more important than ever to do your research and ensure that the builder you choose doesn’t have delayed start times and can meet the HomeBuilder Grant deadline, as this could jeopardise your ability to receive the $25,000 HomeBuilder Grant.
As one of Queensland’s most successful home builders with more than 38 years experience, Hallmark Homes welcomes the Federal Government assistance. With strong supply chains, proven processes and seamless workflows in place, Hallmark Homes are in an excellent position to meet the 3 month construction commencement deadline.
“We have been made aware of a number of instances where people have almost signed with a builder that didn’t have the capacity to start construction within the required 3 month time frame, which would have made them ineligible for the $25,000 HomeBuilder Grant. I cannot stress the importance of doing your research enough. Getting this wrong could bring your dream of home ownership to an abrupt end, before it even starts,” explained Hallmark Homes’ Director, Anthony Gilbertson.
“Rest assured that Hallmark Homes have the capacity to meet the 3 month construction start deadline, so we encourage people to contact our sales team now to get the ball rolling ASAP.”
“We’ve had high levels of enquiry since the release of the HomeBuilder stimulus package. First home buyers who are in a position to purchase are keen to make the most of both government home buyer grants being offered. Consumer confidence is rising, and many customers are telling us the extra financial help is enabling them to start building earlier than originally planned,” Mr Gilbertson said.
“As COVID-19 restrictions ease, now is the perfect time to help stimulate the property market. It’s been a challenging time for many, but these two grants will ensure that buyers are not held back as they strive to become home owners,” he added.
Even more reasons to act now
With two government grants on offer, plus interest rates on home loans currently at a record low, many people are considering a new home build. But remember, time is critical, as the HomeBuilder Grant is only available on contracts signed between 4 June and 31 December 2020 that can meet the HomeBuilder Grant deadline. To find out more, consult the Australian Government HomeBuilder Grant Fact Sheet, the FAQ Sheet and the Queensland Government’s information on the Queensland First Home Owners’ Grant.