Below are the terms and conditions for the Summer incentives available in each state across Australia. Should you have any further questions, please reach out to your local Stockland Sales Professional.
$15,000* Australian HomeBuilder Scheme
On 29 November 2020, the Australian Government announced announced an extension to the HomeBuilder Scheme to provide eligible owner-occupiers (including first home buyers) with a grant of $15,000* to build a new home, substantially renovate an existing home or buy an off the plan home/new home. The eligible contract must be signed between 1 January 2021 and 31 March 2021 (inclusive). Find out more at https://treasury.gov.au/coronavirus/homebuilder.
$10,000* NSW First Home Owners Grant
In addition to the Federal Government HomeBuilder scheme, if you are a first home owner in New South Wales, you could be eligible for an additional $10,000* grant. For more details, visit https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer
First Home Buyers Assistance Scheme
The NSW Government has also announced that from 1 August, 2020, First Home Buyers who purchase a new home up to the value of $800,000 may be entitled to an exemption from transfer (stamp) duty. This is an increase from the previous threshold of $650,000. First Home Buyers who purchase a new home with a value of $800,000 to $1,000,000 may be eligible to a partial exemption from transfer (stamp) duty. The new transfer (stamp) duty threshold will be in place for 12 months and will apply to contracts executed from 1 August 2020 to 31 July 2021*. Learn more about the New South Wales First Home Buyer Assistance Scheme here - https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/assistance-scheme
*Not Stockland promotions. Eligibility and other restrictions apply. For more information visit: https://treasury.gov.au/coronavirus/homebuilder, https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer or https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/assistance-scheme
Summer Incentives Victoria Terms and Conditions
$20,000* Off Selected Stockland Townhomes
To help progress your home buying journey, Stockland are offering $20,000* in rebates on selected townhomes at participating Stockland communities across Victoria.
View the full terms and conditions for the $20,000* rebate on selected townhomes at selected Stockland communities here.
$15,000^ Federal Homebuilder scheme
On 29 November 2020, the Australian Government announced announced an extension to the HomeBuilder Scheme to provide eligible owner-occupiers (including first home buyers) with a grant of $15,000^ to build a new home, substantially renovate an existing home or buy an off the plan home/new home. The eligible contract must be signed between 1 January 2021 and 31 March 2021 (inclusive). Find out more at https://treasury.gov.au/coronavirus/homebuilder.
$10,000^ First Home Buyer Grant
In addition to the Federal Government HomeBuilder scheme, if you are a first home owner in Victoria, you could be eligible for an additional $10,000^ grant. For more details visit https://www.sro.vic.gov.au/first-home-owner.
Stamp Duty Savings^
In November 2020, the Victorian Government introduced stamp duty waivers of 50% on newly built or off-the-plan residential homes worth up to $1 million, for contracts entered into between 25 November 2020 and 30 June 2021 (inclusive). Find out more at https://www.sro.vic.gov.au/victorian-budget-2020-21-announcements.
*Incentive is a rebate to the value of $20,000, which is applied at settlement. Promotion only applies to qualifying townhomes at selected Stockland communities. Promotion finishes 28 February 2021 at 5pm (AEST). View full terms and conditions here.
^Not Stockland promotions. Eligibility and other restrictions apply. For details on Homebuilder, visit treasury.gov.au/coronavirus/homebuilder. For details on the Victorian First Home Buyer grant visit sro.vic.gov.au/first-home-owner. For details on the Victorian Stamp Duty savings, visit sro.vic.gov.au/victorian-budget-2020-21-announcements.
$15,000* Federal Homebuilder scheme
On 29 November 2020, the Australian Government announced an extension to the HomeBuilder Scheme to provide eligible owner-occupiers (including first home buyers) with a grant of $15,000^ to build a new home, substantially renovate an existing home or buy an off the plan home/new home. The eligible contract must be signed between 1 January 2021 and 31 March 2021 (inclusive). Find out more at https://treasury.gov.au/coronavirus/homebuilder.
$15,000* Queensland First Home Owners' Grant
In addition to the Federal Government HomeBuilder scheme, if you are a first home owner in Queensland, you could be eligible for an additional $15,000* grant, as well as a saving of up to $7,175* with the first home vacant land concession for transfer duty. For more details visit https://www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/qld-first-home-grant and https://www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/transfer-duty-concessions-exemptions.
$5,000* Regional Home Building Boost – North Shore only
The regional home building boost grant is a state government initiative to help home owners in regional Queensland into their new home sooner. Customers purchasing land in our North Shore community may also be eligible for the additional $5,000* regional home building boost. For more details visit https://www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/regional-home-building-grant.
*Not Stockland promotions. Eligibility and other restrictions apply. For more information visit: https://treasury.gov.au/coronavirus/homebuilder, https://firsthomeowners.initiatives.qld.gov.au , https://www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/transfer-duty-concessions-exemptions and https://www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/regional-home-building-grant.
Summer Incentives WA Terms and Conditions
$15,000 Federal Homebuilder Scheme*
The Federal Government HomeBuilder scheme is making it easier for those looking to build a new home to get onto the property ladder. A $15,000* grant could directly help families, first home buyers, upgraders and downsizers realise their goal of home ownership sooner.
$10,000 WA First Home Owner Grant*
The existing WA First Home Owners Grant (FHOG) provides $10,000* towards the cost to build a new home for Western Australian residents who have never owned residential property in Australia. Buyers must be owner occupiers with the new home being their principal place of residence for a period of 12 months. Eligible buyers can receive the FHOG in addition to the Federal Homebuilder Scheme.
Find out more about the incentives here.
*Not Stockland promotions. Eligibility and other restrictions apply. Purchasers may not be eligible to receive the total $25k in Government Grants – Amount calculated as $25,000 HomeBuilder + $10,000 WA First Home Owner Duty Grant = $25K Total Possible Government Grants.
Visit https://treasury.gov.au/coronavirus/homebuilder, https://www.wa.gov.au/organisation/department-of-finance/fhog, and https://www.wa.gov.au/government/publications/first-home-owner-duty-fs for further information.
