On June 4 2020 the Federal Government announced the HomeBuilder scheme will provide all eligible homeowners with a grant of $25,000 to build a new home or substantially renovate an existing home until December 31 2020. Home owners are subject to eligibility criteria, including: Income caps of $125,000 for singles and $200,000 for couples based on their latest assessable income A national dwelling price cap for new built homes of $750,000 A renovation price range of $150,000 u