· The grant is open to individuals who are Australian citizens aged 18 years and over.
· The grant is means tested, singles must have an income less than $125,000.00 and couples with a combined income of less than $200,000.00
· Building a new home (house and land) that does not exeed $750,000.00 or
· Substantially renovate an existing home between $150,000.00 and $750,000.00
· Construction for the new home or renovation must commence within three months of the contract date.