The BuildBonus grant was introduced in February 2019 to help Territorians fulfil their dream of building their new home.
A new home is one that has never been previously lived in or sold as a place of residence.
If you are buying or building a new home in which you will live, you can apply for a BuildBonus grant.
The grant has been extended to 31 March 2021 and the cap on the number of grants has been lifted.
The grant is $20,000 for contracts signed before 31 December 2020.
For contracts signed between 1 January and 31 March 2021 it will be $12,000.
The eligibility for the grant is not restricted by prior ownership.
To be eligible for the grant, you must have entered into a contract to build or buy a home, or have started construction as an owner builder on or after 8 February 2019 and before 1 April 2021.