The Australian Government has extended the period of its HomeBuilder grant from 1 January 2021 to 31 March 2021 and revised the amount of the grant to $15,000. More details are available on the Australian Treasury Homebuilder website.
The amount of the HomeBuilder grant for eligible contracts signed between 4 June and 31 December 2020 remains unchanged at $25,000.
The Territory Revenue Office will publish more information and revise its application form and lodgement guide, incorporating the Australian Government's changes to its HomeBuilder Grant.
The HomeBuilder Grant is funded by the Australian Government and administered in the Northern Territory by the Territory Revenue Office. HomeBuilder is a grant of $25,000 for Territorians who buy or build a new home, or who substantially renovate an existing home.
The HomeBuilder Grant is in addition to BuildBonus, which was introduced by the Northern Territory Government in 2019. More information on BuildBonus can be found at nt.gov.au/property/home-owner-assistance/buildbonus-grant
HomeBuilder is subject to eligibility criteria listed below. The grant is available to Territorians regardless of prior ownership, including first home buyers.
A new home is one that has never previously been lived in or sold as a place of residence. You must have entered into a contract to build or buy a new home between 4 June and 31 December 2020 and construction must have started on or after 4 June 2020.
Important eligibility criteria for applicants include:
All applicants must:
- be a natural person (not a company or trust), at least 18 years of age on the contract date
- be owner-occupiers
- be an Australian citizen at the time of application
- be on the certificate of title to the home
- not have previously received the HomeBuilder Grant in any Australian state or territory
- meet the income test for the 2018-19 or 2019-20 financial year, which for an individual applicant is taxable income of less than $125,000, and for a married or de facto couple is combined taxable income of less than $200,000.
Owner-builders are not eligible.
Important eligibility criteria for the home include:
The new home or substantially renovated existing home must be:
- located in the Northern Territory and affixed to land
- lawfully able to be occupied as the principal place of residence of the applicant(s) (not an investment property or a secondary residence)
- for a combined home and land value of up to $750,000. Different rules apply for substantial renovations, as set out below.
Applicants must retain ownership of the home and occupy it as their principal place of residence for a continuous period of at least six months from completion of construction or renovation. Generally, the principal place of residence is the place at which you usually reside, eat and sleep the majority of the time and more than at any other place.
Important eligibility criteria of the contract include:
- you must enter into a contract to build or purchase a new home, or substantially renovate an existing home, between 4 June 2020 and 31 December 2020 (inclusive)
- building and renovation work must be undertaken by a Residential Building Contractor with an active registration with the Building Practitioners Board under the Building Act 1993, prior to 4 June 2020 and at the date of entering into the building contract. This can be confirmed at www.ntlis.nt.gov.au/building-practitioners
- the building contract must be negotiated at arm’s length by parties acting independently (without some special relationship such as being a relative), with the contract terms commercially reasonable and for a fair market price
- for an off the plan/new home purchase, construction can commence prior to the date of the contract of sale but must have commenced on or after 4 June 2020
- the contract cannot replace a previous transaction entered into before 4 June 2020 that is for the same or substantially similar new home or renovation
Important additional eligibility criteria for substantial renovations include:
- contract must be between $150,000 and $750,000 inclusive
- market value of the existing property, pre-renovation, is no more than $1,500,000
- the renovations will substantially alter the existing property, and improve the accessibility, safety or liveability of the home
- renovations that, although not mandatory, could involve removal or replacement of foundations, external walls, interior supporting walls, floors, roof or staircases
A substantial renovation does not generally include swimming pools and structures unconnected to the building such as stand-alone granny flats, outdoor spas, sheds or stand-alone garages and carports. Renovations that are primarily cosmetic in purpose such as landscaping, painting or re-carpeting are insufficient.
Timing for the commencement of construction
Construction must commence on or after 4 June 2020 and no later than three months after signing the contract. Construction is taken to have commenced when excavation and site preparation works commence.
If construction does not commence within three months of signing the contract because of unforeseen factors beyond the control of the parties, the Territory Revenue Office may provide an extension for up to three months. For example, unforeseen circumstances may be delays in obtaining building or planning approvals from government or prolonged weather disruptions.
When can I apply
You should apply for the HomeBuilder Grant once you have entered into an eligible contract and have all supporting documentation to include with your application.
Applications must be received by no later than 31 December 2020.
Once you have all of your supporting documentation, you can submit your application online. When you submit your application, you will receive an acknowledgement message with a lodgement reference code. You will then be able to upload your supporting documentation. To commence your application, click here.
Complete the application form to apply for HomeBuilder.
Note, for your application to be considered, you must submit the supporting documents listed in the application form.
How to apply
To apply for the HomeBuilder, follow these steps:
Step 1. Fill in the application
Step 2. Attach supporting documents.
Step 3. Submit your completed application by mail or email to:
Territory Revenue Office
GPO Box 154
Darwin NT 0801
Partially completed applications will not be accepted.
The option of applying via an online portal will be made available soon. The online portal will allow applicant(s) to lodge their application in a multi-step process with the initial lodgement being after an eligible contract has been entered into.
Applications must be submitted on or before 31 December 2020.
When will HomeBuilder be paid
The Territory Revenue Office will contact applicants advising whether or not their application has been approved. HomeBuilder will only be paid once the Territory Revenue Office is satisfied you meet all the eligibility criteria.
Payment will be made by electronic funds transfer to your nominated bank account, generally within 10 business days of lodging the completed application with all supporting documentation.
The timing of HomeBuilder payments will depend on the type of contract you have entered into:
- For a new home build, HomeBuilder will be paid after construction has commenced and evidence is submitted to show that the first progress payment of at least $25,000 (excluding deposit) has been made to the builder.
- For a substantial renovation, HomeBuilder will be paid after construction has commenced and evidence is submitted showing payment of at least $150,000 of the contract price has been paid to the builder.
- For an off the plan home/new home purchase, HomeBuilder will be paid after evidence showing the property is registered in your name on the certificate of title. You must be registered as the owner of the property by no later than 31 October 2022.
If my application is not approved and I disagree
You may lodge an objection if your HomeBuilder application is declined and you do not agree with the decision of the Territory Revenue Office.
Objections should be lodged within 60 days of the date of the decision to decline your application and include the reasons why you believe the decision is incorrect. Objections cannot be made on the grounds of perceived fairness, but should focus on the facts as to why you consider the decision is wrong having regard to the HomeBuilder eligibility criteria.
The Territory Revenue Office closely examines all HomeBuilder applications for compliance with the eligibility criteria. Should we contact you during an audit, it is a condition of receiving HomeBuilder that you must provide all information requested.
The Territory Revenue Office may require that applicants provide information to verify that they have met the residence requirement. Applicants should keep appropriate records demonstrating that the new or renovated home is used as the principal place of residence. If you have difficulties in meeting the residence requirement, please contact the Territory Revenue Office to discuss your situation.
You must advise the Territory Revenue Office within 30 days if you cease to use the property as your principal place of residence.
You may be required to repay HomeBuilder if:
- you do not provide all the information requested by the Territory Revenue Office during an audit
- you provide false or misleading information
- the Territory Revenue Office finds you should not have received HomeBuilder or you did not meet the principal place of residence requirement.
For more information
For more information or to ask any questions, email the Territory Revenue Office at email@example.com or call 1300 305 353.
More information can also be found at the Australian Government Treasury treasury.gov.au/coronavirus/homebuilder
Last updated: 30 November 2020
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