Renovation Grant – How To Get Mine?
The 25K renovation grant from the NSW government for your home renovation is no longer available. Subsequently, since 14 April 2021, the Government does not accept any further applications.
Having said that, there are other renovation incentives available which are still open for eligible persons to apply.
If you wish to calculate what you should budget for the revamp of your house, look at our guide on renovation costs 2023. Besides, our team of building designers and interior designers is here to help.
You might be eligible for a renovation grant from the Australian or NSW government if you are a:
- First homeowners or
- Renovator in a Heritage Conservation area or
- Investor in renewable energy
In these cases, read further to find out all the details. Besides that, if you wish to receive an update on any renovation grants, please leave your email address here:
Are you a First Homeowner?
This subsidy is not only available if you are a first-home buyer of a newly built house, but also for a substantially renovated home.
The First Homeowner Grant is $10,000 for buying or building your first new home, which can be either a newly built or substantially renovated house, townhouse, apartment, unit or similar. The maximum cost for a newly built property is $600,000, or $750,000 for vacant land plus a building contract.
Renovation grant for first homeowners
On the other hand, for a substantially renovated home, the purchase price must not exceed $600,000. To be eligible for this renovation grant, applicants must be:
- 18 years or older
- A permanent resident or Australian citizen
- Not have previously owned a home before 1 July 2000
- Occupy the property as their principal place of residence within 12 months of purchase for a minimum of six continuous months
Read here for more details and to apply for the First Homeowner Grant.
First Home Buyer Assistance Scheme
The First Home Buyer Assistance Scheme can help you save on stamp duty in addition to the First Homeowner Grant. You may be eligible for a reduced rate or stamp duty exemption even if you don’t qualify for the first homeowners or renovation grant. For new or existing homes under $650,000, you can apply for a full exemption, and up to $800,000, you can apply for concessional stamp duty. When purchasing vacant land, you won’t pay transfer duty if the land value is less than $350,000, and up to $450,000, you will receive a concessional rate.
For further details, check out this website.
Renewable power incentives for saving energy
It might be worthwhile for homeowners and small businesses to install a renewable energy system to slam the brakes on their monthly energy bill.
For your investment in green energy, you can receive a renovation grant from the Australian Government when you install a small-scale renewable energy system that includes:
- Solar photovoltaic (PV) panels
- Wind turbines
- Hhydro systems
- Solar water heaters, and
- Air source heat pumps
To learn more about this Small-scale Renewable Energy Scheme, click here.
Ku-ring-gai renovation grant for heritage-listed homes
Ku-ring-gai Council in Sydney’s North offers a renovation grant for owners of either listed heritage items or contributory heritage properties in a conservation area. The grant is available for approved conservation and maintenance works on original and significant fabric. Besides that, the renovation grant funds works on a dollar-for-dollar basis, with a minimum expenditure of $1,000 and a maximum of $5,000. Because funding is not granted retrospectively, ensure you submit your application in time between 1 April and 31 May each year.
Design services for homeowners
If you wish to start your home renovation project, we are here to help. As a one-stop-shop for home renovators, we offer you the following services:
- Designing a layout that flows well
- Getting your project through Council or a private certifier
- Achieve the kitchen and bathroom you have always dreamt of
- Helping you select finishes, such as flooring, tiles and kitchen benchtop
- Assisting you with builder selection and tender and so much more
Get some inspiration for your home renovation by viewing pictures of some of our completed projects.
Start your project with or without renovation grant
Whether you are eligible for a renovation grant or not, investing in substantial home improvements can enhance your living experience and boost the value of your property.
Please leave your name and email below to receive important updates on renovation grants.
We have compiled this information with the utmost care. However, no responsibility can be taken for the correctness of this content.