HomeBuilder will be paid once Revenue NSW is satisfied that you meet all the eligibility criteria. The timing of the payment of the Grant will depend on whether your application relates to:
- A new build – the Grant will be paid after foundations have been laid and the first progress payment has been made to the builder
- A substantial renovation – the Grant will be paid after construction has commenced and evidence is submitted showing payments of at least $150,000 of the contract price have been made to the builder
- An off the plan home/new home contract – the Grant will be paid after evidence is submitted showing that the property has been registered in your name on the certificate of title. You must be registered on the certificate of title as the owner of the property by no later than 31 October 2022.
Homebuilder will be paid into your nominated account when all eligibility criteria have been met and all supporting documentation provided. This account must be an Australian account (e.g. a savings account, a loan account, a cheque account).