---
title: First Home Builder Boost to be extended
description: Even at the reduced rate, this is a fantastic time to commence that house project. Interest rates are still exceptionally low (by historical standards).
---

[Latest Articles | New Home Builders Tasmania ](https://www.rainbowbuilding.com.au/latest-articles)

# [First Home Builder Boost to be extended](https://www.rainbowbuilding.com.au/latest-articles/housing/first-home-builder-boost-extended)

 Written by [Nick](https://www.rainbowbuilding.com.au/latest-articles/author/nick) | Aug 18, 2014 12:30:11 AM

## State Government to extend the First Home Builder Boost

In early December last year, we spoke about the First Home Builder Boost being extended to 31st December 2014. But now it will extend further but at a reduced rate.

Rather than ending the $30,000 First Home Builder Boost it will be extended for another six months at the rate of $20,000.

From 1st July 2015, the First Home Builder Boost grant will then continue at $10,000.

Even at the reduced rate, this is a fantastic time to commence that house project. Interest rates are still exceptionally low (by historical standards) so feel free to talk to Rainbow Building Solutions about taking advantage of this initiative today! We have a range of homes and floor plans to suit every budget.  We build to suit your lifestyle.

For more information, house options, or for a quote or estimate to build on your block, visit [The Home Centre](https://www.rainbowbuilding.com.au/the-home-centre/) on our website, email us at sales@rainbowbuilding.com.au or drop into your nearest [Rainbow office](https://www.rainbowbuilding.com.au/contact/) to discuss your options.

More information about the FHBB can be found at:

[Premier of Tasmania website](http://www.premier.tas.gov.au/releases/building_a_better_tasmania)

[State Revenue Office](https://www.sro.tas.gov.au/first-home-owner-grant)

[View full post](https://www.rainbowbuilding.com.au/latest-articles/housing/first-home-builder-boost-extended)

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