BuildBonus

BuildBonus was introduced on 3 May 2011 by the Northern Territory Government to encourage investment in and construction of affordable homes and units in the Territory.

 

BuildBonus provides a $10 000 grant to home buyers and investors, including companies and trustees, that sign a contract to purchase or build a new home (including signing a contract for a house and land package), purchase a new unit (including off-the-plan) or commence construction of a new home as an owner builder, between 3 May 2011 and 30 June 2012 inclusive.

 

BuildBonus is not means tested but the value of a new unit or new home or the total construction cost of a new home (including the value of the land on which it is built) is capped at $600 000.

 

In the case of a contract to purchase a new home or unit, construction of the home or unit complex must commence on or after 3 May and no later than six months from the date of the contract.

 

Only one grant is payable per transaction and applicants are considered ineligible if they have already received a BuildBonus grant, either alone or jointly, for another transaction.


BuildBonus is available to first home buyers in addition to the First Home Owner Grant. This means that eligible first home buyers will receive grants of up to $17 000.


Persons purchasing a new unit or land to build a new house may also be eligible for the stamp duty home incentive schemes (click here for further details).


The Territory Revenue Office administers BuildBonus.

 

BuildBonus Lodgement Guide and Application Form

Vendor Statutory Declaration (Company)

Vendor Statutory Declaration (Individual)

Frequently Asked Questions

Eligibility Criteria


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