WA $20,000 building stimulus

The West Australian Government has announced cash building grants of $20,000 for home/investment property owners.

These grants are different to the HomeBuilder Scheme & you may get the HomeBuilder grant in addition to these.

Additionally the WA government have announced $319m to build, buy, renovate and maintain social housing across the state.

Who is eligible for the $20,000 grant?

Who can apply	Owner occupiers and investors Australian citizens and foreign persons Natural persons, corporations and trustees You do not need to be living in WA to access the grant
Eligible Properties	New detached homes constructed under a building contract New relocatable homes New homes constructed by an owner-builder New single-tiered homes on strata plans such as villas and townhouses
Income Criteria	not means tested
Property Value	No property value caps
Period	4 June 2020 – 31 December 2020
Application timing	For a new home on vacant land (new detached dwelling), you can apply when construction has started (foundations complete) For new single-tiered dwellings such as villas and townhouses, you can apply when you are the owner of the property (registered on the certificate of title).

Eligible first homebuyers will be able to access both State and Commonwealth grants, the existing $10,000 First Home Owner Grant and the first home buyer transfer duty concession, meaning potentially up to $69,440 could be provided to WA first homebuyers.

Useful links

WA Govt – building bonus package

WA Govt – off the plan duty rebate

WA Govt – media statement