07/06/2020
While restrictions may have started to ease, the economic challenge from the pandemic and the restrictions we needed to put in place remains.
That includes our construction industry, where the pipeline of new projects has slowed dramatically, putting local jobs at risk in the coming months.
If we take action, we can help to mitigate or avoid the potential damage.
But we need your help.
If you have been thinking about building - now is the time to get it underway and support local jobs.
To help get new homes under construction, we're introducing $20,000 Building Bonus grants for any Western Australia to build a new house or purchase a property in a single-tier development already under construction.
The grants will be available until the end of the year, and will not be means tested and have no cap on property value.
They will be on top of the Federal Government's HomeBuilder Grants, as well as WA’s First Home Owner Grants and first home buyer duty concession, meaning someone who qualifies for all four could access up to $69,440 in Government assistance to help build their first home.
Simply put, these grants are about getting as many new projects off the ground as possible, and keeping as many WA jobs intact as we can.
We're also making some changes to the 75% stamp duty rebate we introduced for new multi-tier developments last year.
The rebate, which is capped at $25,000, will now also apply to purchases in multi-tiered developments already under construction, in addition to pre-construction contracts.
At no cost,if you are interested in knowing more about this or get a pre-approval to be able to get your negotiation going with the builder,please contact me on 0412 792 469 or [email protected]
