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.
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.