What Scott Morrison’s new grant means for YOU…
Scott Morrison will attempt to provide Australia’s economy with a rescue, with $25,000 cash grants for new homes. Important to note that the first homeowner grant is $10,000, on top of the $25,000, making it $35,000 straight up for first home buyers.
The grant will be means-tested to exclude couples making more than $200,000 per year and individuals making more than $125,000 per year (*note this is calculated on your previous financial year income). There are also limits placed on the value of the property the grants go towards. New builds will be capped at $750,000. The scheme will not apply to investment properties or owners who intend on building without the help of builders.
The temporary scheme will last until the end of the year, aiming to build 30,000 homes by Christmas.
Building contracts need to be signed during this time. Please note that Contracts can take up to 2 months to complete. So don’t delay and secure your package by contacting Nik ASAP on 0413 648 274 or on any of my social media platforms.