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Peet welcomes $25,000 HomeBuilder grant

Australian property developer Peet has welcomed today’s announcement of the Federal Government’s new HomeBuilder scheme. 

The HomeBuilder grant will give Australian home buyers access to a $25,000 grant to go towards the cost of building a new home up to the value of $750,000, or to assist with renovations of between $150,000 and $750,000.*

Effective immediately, HomeBuilder is available to couples with a combined income of less than $200,000 per year and individuals earning less than $125,000 per year.

Peet Managing Director and Chief Executive Officer Brendan Gore highlighted the importance of the new scheme and the property market to Australia’s economy.
“The HomeBuilders scheme will provide buyers with the confidence they need to take the next step in building their new home,” said Mr Gore.

“This investment in new homes will create jobs and provide Australian businesses with a much-needed economic boost, ensuring the property market is well positioned to recover from recent challenges.”

For more information on the HomeBuilder grant, click here

 

Buying your first home?

Today’s HomeBuilder announcement comes as Peet has launched its First Home Buyers Toolkit, an online platform that provides first home buyers with the tools, information and confidence they need to purchase their first home. The toolkit features downloadable guides, expert videos and articles and a check-list that will help any first home buyer to navigate the buying journey.

“We anticipate the HomeBuilder grant will be accessed by many first home buyers who were considering buying their first home,” Mr Gore said.

“Buying your first home is one of the biggest events in your life and the process itself can often be daunting. Peet has created its First Home Buyer Toolkit to provide support and guidance to buyers and help make the experience as seamless as possible through five easy-to-follow steps.”

State-based additional incentives

In addition to the Federal Government’s HomeBuilder Scheme, there are a range of First Home Buyer schemes available that differ depending on the state or territory.

Correct as at 4 June 2020

State First Home Owner Grant First Home Owner Stamp Duty Concessions Additional Incentives Further information
VIC Up to $20,000 for first home buyers of a new home in regional Victoria, or up to $10,000 for homes in metropolitan area. Purchase price limit of $750,000. A new or established home valued below $600,000 is exempt from stamp duty, and concessions available for a new or established home valued between $601,000-$750,000. www.sro.vic.gov.au/first-home-owner
QLD $15,000 for buying or building a new home up to the value of $750,000. Owner-builders and buyers of renovated houses may be eligible for the grant. Stamp duty concessions for first home buyers available for homes valued less than $550,000 or vacant land less than $400,000. For all other homeowners, concessions are available for the first $350,000 of the consideration or value of residence, with the general rate applying to the balance. www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/qld-first-home-grant
SA $15,000 grant for the purchase and construction of new homes valued up to $575,000. Must live in the home for at least 6 months in the first year of ownership. www.revenuesa.sa.gov.au/grants-and-concessions/first-home-owners
WA For purchasing or building a new home, $10,000 or the consideration paid to buy or build the house if less than that amount. Purchase price limit of $750,000 for Perth metropolitan area or $1m for locations north of the 26th parallel. May include substantially renovated homes. For both new and existing homes, exemption for homes valued less than $430,000, and concessions for homes valued $430,001-$530,000. Exemption for vacant land valued at $300,000 or less, and concessions for land valued between $300,000-$400,000. Building Bonus Package:
A grant of $20,000 is available for eligible applicants who
  • enter into a contract to build a new home on vacant land or
  • enter into an off-the-plan contract to purchase a new home as part of a single-tier strata scheme.
The contract must be entered into between 4 June 2020 and 31 December 2020. There is no cap on the purchase price or value of the contract.
www.wa.gov.au/organisation/department-of-finance/fhog
www.wa.gov.au/service/community-services/grants-and-subsidies/apply-new-home-construction-grant
NSW $10,000 for builders of new homes up to $750,000 and for purchases of new homes up to $600,000. Must live in the home for at least 6 months in the first year of ownership. Exemptions from transfer duty on new homes valued at less than $800,000 and concessions for new homes valued between $800,000-$1,000,000. No duty is payable by eligible purchasers buying a vacant block of residential land valued at up to $400,000 and concessions for vacant land valued between $400,000-$500,000. www.revenue.nsw.gov.au/grants-schemes/first-home-buyer
ACT For transactions before 1 Jul-19, grant of $7000 for first home buyers of new, substantially renovated, or off-the-plan properties valued at up to $750,000. Must live in the home for at least one year in the first year of ownership. From 1 Jul-19, the program was replaced by the home buyer concession scheme. From 1 Jul-19, buyers below certain income thresholds and who have not owned property in the last two years may be exempt from duty. Applies to vacant residential land and new and established homes. Buyers may also be eligible to defer their payment of duty. www.revenue.act.gov.au/home-buyer-assistance/first-home-owner-grant
    • State VIC
    • First Home Owner Grant Up to $20,000 for first home buyers of a new home in regional Victoria, or up to $10,000 for homes in metropolitan area. Purchase price limit of $750,000.
    • First Home Owner Stamp Duty Concessions A new or established home valued below $600,000 is exempt from stamp duty, and concessions available for a new or established home valued between $601,000-$750,000.
    • Further information www.sro.vic.gov.au/first-home-owner
    • State QLD
    • First Home Owner Grant $15,000 for buying or building a new home up to the value of $750,000. Owner-builders and buyers of renovated houses may be eligible for the grant.
    • First Home Owner Stamp Duty Concessions Stamp duty concessions for first home buyers available for homes valued less than $550,000 or vacant land less than $400,000. For all other homeowners, concessions are available for the first $350,000 of the consideration or value of residence, with the general rate applying to the balance.
    • Further information www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/qld-first-home-grant
    • State WA
    • First Home Owner Grant For purchasing or building a new home, $10,000 or the consideration paid to buy or build the house if less than that amount. Purchase price limit of $750,000 for Perth metropolitan area or $1m for locations north of the 26th parallel. May include substantially renovated homes.
    • First Home Owner Stamp Duty Concessions For both new and existing homes, exemption for homes valued less than $430,000, and concessions for homes valued $430,001-$530,000. Exemption for vacant land valued at $300,000 or less, and concessions for land valued between $300,000-$400,000.
    • Additional Incentives Building Bonus Package:
      A grant of $20,000 is available for eligible applicants who
      - enter into a contract to build a new home on vacant land or
      - enter into an off-the-plan contract to purchase a new home as part of a single-tier strata scheme.

      The contract must be entered into between 4 June 2020 and 31 December 2020. There is no cap on the purchase price or value of the contract.
    • Further information www.wa.gov.au/organisation/department-of-finance/fhog
      www.wa.gov.au/service/community-services/grants-and-subsidies/apply-new-home-construction-grant
    • State NSW
    • First Home Owner Grant $10,000 for builders of new homes up to $750,000 and for purchases of new homes up to $600,000. Must live in the home for at least 6 months in the first year of ownership.
    • Exemptions from transfer duty on new homes valued at less than $800,000 and concessions for new homes valued between $800,000-$1,000,000. No duty is payable by eligible purchasers buying a vacant block of residential land valued at up to $400,000 and concessions for vacant land valued between $400,000-$500,000.
    • Further information www.revenue.nsw.gov.au/grants-schemes/first-home-buyer
    • State ACT
    • First Home Owner Grant For transactions before 1 Jul-19, grant of $7000 for first home buyers of new, substantially renovated, or off-the-plan properties valued at up to $750,000. Must live in the home for at least one year in the first year of ownership. From 1 Jul-19, the program was replaced by the home buyer concession scheme.
    • First Home Owner Stamp Duty Concessions From 1 Jul-19, buyers below certain income thresholds and who have not owned property in the last two years may be exempt from duty. Applies to vacant residential land and new and established homes. Buyers may also be eligible to defer their payment of duty.
    • Further information www.revenue.act.gov.au/home-buyer-assistance/first-home-owner-grant
 
* Eligibility criteria applies and is subject to approval. It is recommended that you obtain your own independent advice before taking any action, including before making any commitment of a legal or financial nature or making any application for a financial product or service.
 

$25k HomeBuilder Grant Q&A

We’ve partnered with Joshua De Buelle from Finext to answer all your questions about the federal grant.

 

See FAQs here
Credit: Joshua De Buelle FiNext

 

 

Find your new community now

Peet is one of Australia’s largest and most respected property developers. With over 125 years of helping first home buyers into their dream home, discover your ideal home today and live life your way.

 

 

Western Australia

Land from $359,000

Avon Ridge

Sales and Information Centre: 911 Campersic Road, Brigadoon

Avon Ridge is a stunning tranquil getaway, surrounded by natural bushland. With blocks ranging in size from 15,000sqm to 50,000sqm, you'll have plenty of room to build your dream home and dream shed too. You can also enjoy the renowned Swan Valley, with its wineries, restaurants, cafés and more, all on your doorstep.

Land from $185,000

Brabham

 

Imagine opening your front door on to the Swan Valley, every day. Wining and dining at nearby restaurants and café’s, all whilst living in the heart of a community, with parks, shopping centres and amenities nearby. Located just 20kms north east of the Perth CBD, and close to Midland, Malaga, Ellenbrook and Whiteman Park, At Brabham we’re creating a connected community that will feel vibrant and fresh while still retaining the soul and character of the natural and cultural heritage of the area. Be part of a diverse and inclusive community. Be part of the future, at Brabham.

Land from $455,000

Burns Beach

Sales and Information Centre: Corner of Burleigh Drive & Hermosa Way, Burns Beach

At Burns Beach Estate, enjoy premium beachside living everyday. You’ll be surrounded by beautiful homes, manicured streetscapes and can enjoy direct beach access, a range of beautiful parks and playgrounds and close connections to local shops, schools and entertainment options.

Land from $145,000

Golden Bay

Sales and Information Centre: 4 Glenburgh Drive, Golden Bay

Golden Bay is a very special and sought after community, set right on the expansive Golden Bay Beach. The estate features a variety of landscaped parks and playgrounds, playing fields, a sports pavilion, primary school and is located just 10 minutes north of Mandurah. Here you’ll find an attainable coastal lifestyle at a price you dared not imagine possible.

House & Land from $302,190

Greenlea Baldivis

Sales and Information Centre: 2 Arden Avenue, Baldivis WA 6171

Life at Greenlea offers a range of future parks and green open spaces, as well as the choice of shops, entertainment options and restaurants right on your doorstep, ready and waiting for you to enjoy. Baldivis is one of the fastest-growing regions in Perth’s southern corridor, and Greenlea Baldivis is perfectly positioned to enjoy all the conveniences of this growing suburb.

Land from $169,000

Hilbert Park Estate

Sales and Information Centre: 13 Manhattan Concourse, Hilbert

You’ll never miss a beat when you call Hilbert Park Private Estate home. Located in one of the fastest growing areas in Perth, this boutique private estate is your chance to live a connected life close to shops, schools, parks and more. The estate will be home to the future Hilbert town centre and you’ll be just a 25 minutes’ drive from the heart of the Perth CBD.

House & Land under $280,000

Lakelands Estate

Sales and Information Centre: Crn Lilydale Drive and Willandra Grove, Lakelands WA (can enter off Mandjoogoordap Drive)

Ten minutes from Mandurah’s vibrant town centre and marina, Lakelands Estate offers a holiday lifestyle with beaches only minutes from home as well as all of life's essentials just a stone's throw away with Lakelands Town Centre boasting Coles, Kmart, Aldi, and WestSwim. This masterplanned community also delivers a number of landscaped parklands as well as two beautiful natural lakes.

House & Land under $349,000

Movida Estate

Sales and Information Centre: Quinn Street off Farrall Rd, Midvale

Just five minutes from the pulse of Midland and 30 minutes from the CBD, Movida Estate is where you can make your home ownership dream a reality. The stunning Swan Valley region is also just a six minute drive away with its huge array of restaurants, cafes, wineries, breweries and entertainment options. As for urban convenience, you have your pick of local schools, major shopping centres, transport links and healthcare facilities, all just a few minutes’ drive from home.

Land from $159,000

Shorehaven

Sales and Information Centre: Cnr of Shorehaven Blvd and Shipmaster Ave, Alkimos

At Shorehaven at Alkimos, when we say direct beach access, we really mean it. Here, 1.7km of pristine coastline is yours to enjoy, as well as the stunning Waterfront Park perfect for summer barbeques and family fun. With diverse house and land options on offer, from a premium beach side location to affordable lots ideal for a first home, there's something for everyone at Shorehaven Alkimos.

Land from $172,000

The Avenue Estate

Sales and Information Centre: 13 Manhattan Concourse, Hilbert.

There’s something very exciting about being part of the growth in Perth’s south-east – and starting the next stage of your life at The Avenue. It’s new, fresh and full of possibilities. Just 25 minutes from the Perth CBD this private estate will feature a landscaped Birrega Living Stream, a proposed primary school and will be adjacent to the future Hilbert town centre with shops, cafes, retail stores, a supermarket and much more.

Land from $140,000

The Village at Wellard

Sales and Information Centre: 13 Chiswick Parade, Wellard WA

The Village at Wellard is a masterplanned community with a train station at its heart connecting you to Perth CBD in just 31 minutes. Wellard Square shopping centre will provide easy access to Woolworths and a variety of specialty stores. Enjoy family time or explore the outdoors with 30 hectares of landscaped parklands, 10 hectares of wetlands and 17 hectares of retained natural bushland.

Land from $130,000

Yanchep Golf Estate

Sales and Information Centre: 6 Parkland Drive (Off Yanchep Beach Road) Yanchep WA 6035

Nestled between rolling fairway greens and Yanchep National Park, Yanchep Golf Estate has it all. Live amongst stunning natural beauty, while only being a few minutes from schools, shops and dining options, recreational facilities and stunning beaches.

Queensland

Land from $173,500

Edens Crossing

Sales and Information Centre: Corner School Rd and Alawoona St Redbank Plains, Qld 4301

As a premier community in Redbank Plains, Eden’s Crossing features 4 large parks, kilometres of hike and bike paths and hectares of beautiful natural bushland setting to explore. Yet all the things that you need like transport, shopping, schools and direct access to Centenary Highway by the end of 2019.

Land from $154,000

Flagstone

Sales and Information Centre: Homestead Drive Jimboomba, QLD 4280

Flagstone has been created for people who demand more out of life. This visionary new address will bring together an inspiring CBD, nature and outdoor fun to create a place where every day is filled with opportunities to thrive.

Extremely limited availability

Lily Rochedale

 

Introducing Lily Rochedale. A limited number of architecturally designed, luxuriously appointed townhouses nestled between a park, natural waterway and a brand-new local shopping destination. Walking distance from everything you expect, located perfectly in an established community only 17km from the Brisbane CBD.

Coming Soon

Nudgee Townhouses

 

Introducing Nudgee Townhouses. The best of both worlds; a brand new home and a well-established community. Located 13km north of the Brisbane CBD and walking distance to rail, shopping, play spaces and the Banyo café strip. Local convenience and regional access with the Gateway Motorway, Brisbane Airport and much more on your doorstep.

Naturally Good Living

Riverbank

Sales and Information Centre: 91 Raff Road Caboolture South, QLD 4510

Riverbank is a naturally stunning address that takes full advantage of the beautifully established facilities surrounding it. The 150 hectare masterplanned community at Caboolture South will include 1,200 lots and 80 hectares of dedicated open space and 1.5 kilometres of river frontage.

Land from $235,000

Spring Mountain

Sales and Information Centre: Spring Mountain Drive and Pademelon Court Greenbank QLD 4124

Plentiful and undisturbed. Spring Mountain estate is a breathtaking image of simplicity on a grand scale. Homes rest genly upon generous portions of land that lease into the vast uncomplicated terrain you'll soon want to call home.

Move in without moving out

The Landing Strathpine

 

An expansive way of life on Brisbane’s popular northside, surrounded by parkland, with every service and convenience close by. Make your home here and enjoy a tranquil environment many believe is no longer available so close to a major city. Be free to create the life you’ve dreamed of, surrounded by a vibrant, established community. Now you can, at The Landing.

Yeah, Life's Good

Village Green

Sales and Information Centre: 123 Sippy Downs Drive, Sippy Downs. Entry via Fairfax Street.

Village Green has been masterfully planned to encourage true connections between neighbours to urban conveniences and, of course, to the invigorative qualities of nature. A life where weekends are reserved for cheers, not chores. A good life.

South Australia

300sqm allotments from $149,000

Bluestone

Sales and Information Centre: 71 East Parkway, Mount Barker, SA 5251

Just 30 minutes from the city and 35 minutes from the sea, Bluestone offers a lifestyle that is second to none. A stone’s throw away at Mt Barker’s town centre you’ll find fantastic schools, shopping, dining and all the other amenity you could possibly ever need.

New homes from $337,500

Lightsview

Sales and Information Centre: 155 East Parkway, Lightsview 5085

A community designed for the 21st Century starts with a carefully considered masterplan. Integrating a future town centre, pedestrian linkages, public transport, cycling routes and 15 hectares of public reserves, Lightsview sets the benchmark for modern and sustainable communities in Australia with a strong focus on modern housing design.

1 Bedroom Apartments from $279,000

Tonsley

Sales and Information Centre: Tonsley Boulevard, Tonsley

In the heart of Adelaide’s Innovation District is Tonsley Village. It’s a brand new way of living, where everything’s so close yet so far ahead. It’s where you’ll find first homes and forever homes, and the packages are priced so you can afford a life. Discover a truly connected community where the maintenance is low and the living is easy.

Victoria

Where your family can thrive

Acacia

Sales and Information Centre: 53-65 Craig Road Botanic Ridge, VIC 3977

Located in sought-after Botanic Ridge and complemented by the Royal Botanic Gardens next door, Acacia will take full advantage of its natural setting.Beautifully landscaped parks, designed wetlands, wide tree-lined streets and its very own future shopping village (including a Coles supermarket) are just some of the things to come home to.

The foundation for a great life

Cornerstone

Sales and Information Centre: 383 Black Forest Road, Werribee VIC

Set across 86 hectares in an up-and-coming corner of Melbourne's west, Cornerstone is a great foundation for your new home. Cornerstone will include over 900 homes and 24 hectares of waterways, parks, playgrounds and bike and walking trails. Just a stone’s throw away will be a school and child care centre, shops and 20 hectares of proposed sports grounds.

Completed townhouses from $448,000

Craigieburn Townhouses

 

Secure your own architecturally designed townhouse perfectly located opposite the beautifully landscaped park in award winning Aston at Craigieburn. These beautiful homes provide you with fantastic views from both upper and lower floors and you can take advantage of the excellent local shopping, community and education facilities in the area.

Register now to be the first to know

Keysborough

 

Keysborough Townhouses coming soon. Located 27km southeast of Melbourne CBD and blessed with open spaces, shopping centres, schools and easy transport connections. A beautiful place to live… just ask the locals.

Completed townhouses from $495,000

Littabella Mews

 

Construction is now underway at Littabella Mews in Botanic Ridge. Featuring 10 luxury two storey townhomes located opposite the beautifully landscaped Damon Green, you'll have views of the landscaped open space from your new home.

Sophisticated townhouse living

Lumeah Cranbourne West

Flicka Boulevard Cranbourne West VIC 3977

Life at Lumeah is about a friendly, connected future in a vibrant urban village in Cranbourne West. From the doorstep of your architecturally designed townhouse, kids can safely walk or cycle to primary and high schools nearby, and play happily in green, shady parks while making friends for life.

The beginning of something new

Newhaven

Sales and Information Centre: 6-8 Journey Drive, Tarneit VIC

Newhaven takes its inspiration from the highly-popular Haven estate and more recently, Little Green, to create a preferred, close-knit and welcoming community for people looking to make a new start. Located along Tarneit Road, Newhaven will include 1,200 homes, three awesome parks, a site zoned for a primary school, plus a range of features both within the community and close by.

Register now to be the first to know

South Morang

 

South Morang Townhouses by Peet coming soon. Located 21km northeast of the Melbourne CBD and nestled between shopping, transport, entertainment, schools and parklands. Peet’s townhouses at South Morang will offer an enviable lifestyle.

What you've been waiting for

Summerhill

Sales and Information Centre: 53-65 Craig Road Botanic Ridge, VIC 3977

Every so often, an opportunity arises, tailor-made just for you. Summerhill is that opportunity. The chance to live a big life in a small community in beautiful Botanic Ridge. Summerhill has been created for those looking for a quiet, secluded and exclusive address to call home and is located next to the Royal Botanic Gardens.

New South Wales

Apartments from $360,000

Atria Apartments

Display Suite: Jardine St, Kingston ACT

Atria forms an important part of the ongoing evolution of the Old Kingston Shops and Green Square. It brings a range of new 1, 2 and 3 bedroom apartments, as well as new commercial spaces, to one of Canberra’s most popular areas.

Land from $242,000

Googong

Sales and Information Centre: Club Googong, 27 Beltana Avenue, Googong NSW 2620

Googong is a whole new self-contained town being built in NSW, just 16kms from Canberra's Parliament House. It will be built over 20 years and eventually be home to around 18,000 people.

Home is here

Jumping Creek

 

Jumping Creek is tucked away in a hidden valley only a stone’s throw from the Queanbeyan CBD—in a location that has never been available before now. The soon-to-be-completed Ellerton Drive extension will open up access to this unique location, nestled on the north-eastern side of the Queanbeyan River.

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