Save with the latest Building Stimulus Grants

In fantastic news, WA home builders now have access to more in government housing grants than ever before following the recent introduction of the new $25,000* Federal HomeBuilder grant and the $20,000* WA Building Bonus.

Both grants can be used in conjunction with existing schemes and concessions, which means there’s never been a better time to build a home in your dream community.

What is the HomeBuilder Grant?

The HomeBuilder Grant is a tax-free federal government grant program designed to support the construction industry by encouraging new home builds or the substantial renovation of existing homes in 2020.

Eligible owner-occupiers (Including first home buyers) will receive $25,000 to put towards construction.

The grant is time limited and is available for contracts signed between the 4th of June and the 31st of December 2020, construction must commence within three months of the contract being signed.

Am I eligible to receive HomeBuilder?

To be eligible to receive the grant you must meet the following eligibility criteria:

  •  Be a natural person over 18 years of age (not a company or trust)
  • Be an Australian citizen
  • Earn less than $125,000 p/a if you’re single or less than $200,000 per annum if you’re a couple
  • Build or renovate your principal place or residence
  • The house and land must not exceed a value of $750,000

What is the WA Building Bonus?

The WA Building Bonus is a grant program designed to stimulate the Western Australia construction industry and to promote investment into the state’s housing market. The $20,000 grant will be paid to eligible applicants to build new homes.

The grant is in addition to the federal government HomeBuilder program and other state grants – this means that home builders could qualify for up to $45,000 to build their new homes, and first home buyers could receive up to $55,000 between the new grants and the existing WA First Home Owners grant.

Am I eligible to receive the WA Building Bonus?

To be eligible to receive the Building Bonus you must meet the following eligibility criteria:

  • Anyone who enters into a contract to build a new home in WA or to buy one that is currently being built before December 31, 2020 is eligible for the WA Building Bonus scheme. This includes both local and foreign buyers. You don’t need to be living in WA to be eligible. 
  • There is also no cap on the value of the property being bought and there are no income threshold caps that you need to meet.

What is the WA First Home Owners Grant (FHOG)?

The WA First Home Owners grant scheme provides eligible first time home buyers with a once-off payment of $10,000 to build their own homes. First home buyers may also qualify for stamp duty concessions.

 

Am I eligible to receive the WA First Home Owners Grant (FHOG)?

To be eligible for the FHOG you must meet the following criteria:

  • Be a natural person over 18 years of age (not a company or trust)
  • Be an Australian citizen
  • You must be a first home buyer
  • You must live in the home for at least six months following settlement or within 12 months of completion if you’re building a home

First home buyers are exempt from paying stamp duty on vacant land under $300,000 and concessional rates on land between $300,000 and $400,000.

Ready to see if you qualify and get into a brand new home that you can call your own?

Get in touch with us today to find out if you’re eligible to take advantage of the new stimulus options and existing grants on offer, plus learn about the range of exclusive incentives and the thriving modern community available at The Amble Estate.

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Wherever you want to go, whatever you want to do, everything's within easy reach at The Amble Estate. You're close to amenities, major roads and excellent public transport options.

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