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What you need to know about HomeBuilder: Who is eligible and what can be built?

To access HomeBuilder, owner-occupiers must meet the following criteria:

You are an individual, not a company or trust;

You are aged 18 years or older;

You are an Australian citizen

You earn less than $125,000 or in a couple earning less than $200,000  

What can be built? 

A new home as a principal place of residence valued up to $750,000 (including land);

A renovation to an existing home as a principal place of residence, with renovations valued at between $150,000 and $750,000 with the dwelling not valued at more than $1.5 million before the renovation.

The renovation works must be to improve the accessibility, safety and liveability of the dwelling.

Swimming pools, tennis courts, outdoor spas and saunas, and detached sheds or garages do not count 

The renovation can be a combination of works (ie kitchen and bathroom renovation) but must be under the supervision of a registered or licenced builder 

Construction must be contracted to commence within three months of the contract date

Who can do the building? 

Renovations or building work must be undertaken by a registered or licenced building service 'contractor'. They must have held the building licence or endorsed contractor licence before 4 June.

The contract must be made by two parties freely and independently of each other, and without some special relationship, such as being a relative. 

The terms of the contract should be commercially reasonable and the contract price should not be inflated compared to the fair market price. 

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