In a welcome relief to many off-the-plan buyers, the ACT Revenue Office yesterday announced its intention to accept the Commonwealth Government’s proposal and extend the HomeBuilder deadline to submit the final part of the application required to receive the grant. Under the scheme, eligible buyers are entitled to either a $15,000 or $25,000 grant.
Eligible buyers under the scheme will now have until 30 June 2025 to submit Part B of the 2-part application. Previously, the scheme required buyers to submit all required documents no later than 30 April 2023.
There are multiple developments in the ACT where buyers were potentially eligible for the grant but may have lost their eligibility due to construction delays as the property would not be finished with sufficient time to lodge the final part of the application. Until yesterday, buyers were in limbo as to whether the ACT Revenue Office would adopt the Commonwealth’s recommendation to extend the deadline.
Our property team at Chamberlains Law Firm is highly experienced in assisting buyers and property owners with off-the-plan purchases and building contracts. We would be glad to assist. Please do not hesitate to contact our team if you would like to have a chat about your HomeBuilder application.
If you have any questions or concerns please contact our Property Director Ben Hatte on 02 6188 3600