HomeBuilder Commencement Time Frames Extended!

UDIA SA has repeatedly called for an extension to HomeBuilder time frames and we can now announce a significant advocacy win!

The Treasurer has just announced a decision by the South Australian Commissioner of State Taxation. Eligible HomeBuilder grant applicants will now have six months to commence construction of their new home from the date of the contract being signed, following a blanket 3-month extension being granted today. Contracts will still need to be entered into by 31 December 2020. 

This follows continued advocacy efforts by the UDIA SA in recent months (as featured in today’s Advertiser above), and I know that this signifies a huge relief and a major boost to our sector.

The UDIA thanks the Treasurer for his support in this matter by raising this with the Federal Minister.

Through our collective leadership, even more South Australians will have an opportunity to own their own homes which is great news for our State.

For more information, visit Revenue SA.

Read the full media release here