Building Bonus extended

News story
The $147 million Building Bonus program, which forms part of the WA Recovery Plan, has been extended.
Photo of houses under construction

The $147 million Building Bonus program, which forms part of the WA Recovery Plan, has been extended.

Homebuilders will now have one year to commence site works from the time their contract is signed.

Previously, site excavation works to build a new home were required to start within six months of contracts being signed to be eligible.

This gives homebuilders more time to qualify for the $20,000 grant and creates hundreds of additional construction jobs.

The Building Bonus grants are available to any homebuyer who signs a contract by December 31, 2020 to build a new house or purchase a new property in a single-tier development, such as a townhouse, prior to completion of construction.

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Page reviewed 10 November 2020