Western Australian home builders can now apply online for up to $45,000 in government grants, with the release of a joint application form for the Building Bonus and HomeBuilder grants.
The McGowan Government’s $20,000 Building Bonus grant is available for owner-occupiers or investors who enter into a contract to build a new home on vacant land or enter into an off-the-plan contract to purchase a new home as part of a single-tier development.
The Commonwealth Government’s $25,000 HomeBuilder grant is available to eligible owner-occupiers who enter into a contract to build a new home or substantially renovate their existing home, or purchase a new home off-the-plan.
Contracts for the grants must be entered into between June 4, 2020 and December 31, 2020.
Eligibility criteria apply to each grant and contract type, including the requirement to commence construction within six months of the contract date for the Building Bonus grant and within three months of the contract date for the HomeBuilder grant.
Following changes to the Commonwealth’s HomeBuilder criteria for commencement of construction, the State Government has decided to also amend the Building Bonus criteria to ensure the two schemes align and increase opportunities for people to access these grants.
For new builds this will mean people will be eligible to receive the grant when significant earthworks, excavation or physical building work commence. Details of commencement definition for each contract type is provided in the application form.
For eligibility criteria or to apply, visit https://www.wa.gov.au
As stated by Finance Minister Ben Wyatt:
“The McGowan Government’s priority is to secure an ongoing pipeline of work for Western Australian businesses, stimulate the economy and create WA jobs.
“The change to commencement definition will ensure the safety of the housing and construction industry’s workforce and the integrity of the new build.
“This will also provide greater opportunity for people to access the grants and build within the State.”
