Grants Extension Provides More Time

Grant

The BuildBonus grant supports Territorians to build their new home. The amounts vary: being $20,000 for contracts signed before 31 December 2020, and $12,000 between 1 January and 31 March 2021. Critically, applications were required to be lodged before 14 April 2021, with the time recently extended to 18 months for construction of the home to be completed.

The HomeBuilder is funded by the Commonwealth Government and administered by the Territory Revenue Office. The grant contributes towards a new home construction or renovation of an existing home (up to a house and land value of $750,000). The amount provided depends on the contract date: being $25,000 for contracts signed between 4 June and 31 December 2020, and $15,000 between 1 January and 31 March 2021. Critically, applications were required to be lodged before 14 April 2021, with the time also recently extended to 18 months for construction of the home to be completed.

For more information, visit the Territory Revenue Office website.