A joint application form for the Building Bonus and HomeBuilder grants is now available, allowing home builders and investors to apply for up to $45,000 in Government grants.
The Western Australian Building Bonus grant of $20,000 is available to eligible applicants who enter into a contract to build a new home on vacant land or enter into an off-the-plan sales contract to purchase a new home as part of a single-tier development on a strata plan or other land survey type.
The Australian Government HomeBuilder grant of $25,000 is available to eligible owner-occupiers who enter into a contract to build a new home or substantially renovate an existing home, or purchase a new home off-the-plan as a principal place of residence.
Contracts for the grants must be entered into between 4 June and 31 December 2020.
Eligibility criteria apply to each grant and contract type, including the requirement to commence construction within specific timeframes. Details of when construction is taken to have commenced for each contract type is provided in the application form.
See information about the
See the Minister for Finance’s media statement (24 July 2020)