Following on from Lisa Fowler‘s ‘Hope for HomeBuilder’ article published earlier this week, the Commissioner of State Revenue has just announced that in Victoria a blanket extension of 3 months will be applied to the ‘commencement of construction’ HomeBuilder Grant eligibility criteria.
This means that all Victorians who are eligible for the HomeBuilder Grant will now have 6 months from the day of sale for construction to commence.
It is understood that this blanket extension will operate in place of the maximum 3 month extension that was otherwise available on specific request to the Commissioner in circumstances where commencement was delayed for reasons outside of the control of the parties.
This blanket extension should and hopefully does mean that the HomeBuilder Grant can be utilised more widely in the residential off-the-plan market.
