Renovation Grant: How To Get Mine?

The 25K renovation grant from the NSW government for your home renovation is no longer available. Subsequently, the Government accepts no further applications.

That said, there are other renovation incentives still available for eligible individuals to apply for.

If you wish to calculate what you should budget for the revamp of your house, look at our guide on renovation costs. 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 on to learn 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, whether newly built or substantially renovated, including a 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 having 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 for 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 for land values up to $450,000, you will receive a concessional rate.

For further details, visit the NSW Government website.

Renewable power incentives for saving energy

It might be worthwhile for homeowners and small businesses to install a renewable energy system to reduce their monthly energy bills.

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
• Hydro 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. Additionally, the renovation grant funds are applied 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 are planning a home renovation, 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, tender and so much more

Get inspiration for your home renovation by viewing photos of our completed projects.

Start your project with or without a renovation grant

Whether you are eligible for a renovation grant or not, investing in substantial home improvements can enhance your living experience and increase your property’s value.

To get the ball rolling, call Martina at 0434 498 450 for an initial conversation or email martina@martinahayes.com.au.

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.