First New Home Buyers’ $40k Boost in Federal Stimulus Grant

First new home buyers in South Australia will now be eligible for $40,000 in grants towards their new home build, as the Federal Government’s significant HomeBuilder stimulus package boosts by $25,000 the existing $15,000 State Government incentive.

The Marshall Liberal Government has welcomed the $680 million scheme, which will help turbocharge the nation’s critical building and construction sector and support thousands of local jobs – from carpenters, plumbers and bricklayers to electricians, architects and other suppliers.

First new home buyers in SA will be provided with $40,000 towards their new home, taking into account the $25,000 grant from the Federal Government in addition to the existing $15,000 State Government offering.  More information will be updated as it becomes available.

The HomeBuilder scheme will run until 31 December 2020