Owner-occupiers, first home buyers and investors who build a new house could be eligible for this huge $20,000 grant! Here we take a look at what the scheme is and how home buyers can benefit.
What is the new Building Bonus scheme and who is eligible?
Under the "Building Bonus" scheme, WA homebuyers, both owner-occupiers and investors, who build a new house could be eligible for a $20,000 grant.
Eligible applicants include those who enter into a contract to build a new home on vacant land OR who 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. To find out further details visit wa.gov.au website for the most up to date information.
The scheme is not means-tested and there is no property value cap
You’ll need to act fast! It’s for contracts entered into between 4 June 2020 up until the end of the year
Potential to bundle up this $20k with the other Government grants
It’s for owner occupiers and investors - and some good news for those interstate, you don’t need to be living in WA to access the grant!