The introduction of two $20,000 grants aim to promote investment in the WA residential market and stimulate jobs in the construction industry.
The grants will be paid to eligible applicants 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 on a strata plan or other land survey type
between 4 June 2020 and 31 December 2020.
The requirement to commence construction of a new detached home has been extended to 12 months from the date of the contract. There have been no changes to the timeframes for contract dates, single-tier developments and owner-builders.
An extension to the existing off-the-plan duty rebate scheme has also been announced. The scheme now extends to contracts entered into between 4 June 2020 and 31 December 2020 for the purchase of a new unit or apartment, in a multi-tiered development, that is already under construction.
The grants and rebate scheme are available for owner-occupiers and investors, Australian-citizens and foreign persons, and natural persons, corporations and trustees.
The Government anticipates these offerings will provide incentive for those interested in a new home to play a key part in building our State. For example, it will provide incentive for FIFO workers to make the move to Western Australia and build a new home.
These grants and the rebate scheme are different to the Australian Government's HomeBuilder grant announced on 4 June 2020.
- See information about
- See the Media Statements
- Government incentives driving surge in Perth's property market (18 November 2020)
- Building Bonus extension to provide WA job certainty (20 October 2020)
- Housing stimulus application now open (24 July 2020)
- Building Bonus Package (7 June 2020)
- Off-the-plan duty rebate (23 October 2019)