Building Bonus Grants

News story
The Premier, The Hon Mark McGowan and the Treasurer, The Hon Ben Wyatt, announced the introduction of two housing construction grants and an extension to the Off-the-Plan Duty Rebate Scheme.
Foreground of house roofs and trees and a background of the city skyline.

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.

Page reviewed 18 November 2020