Take advantage of this Once in a Lifetime HomeBuilder Package!
No doubt you’ve heard the news about the HomeBuilder Package, but in case you haven’t, the Federal Government announced that the $25,000 HomeBuilder grant will be offered to Australian’s looking to either build a new home or renovate. The good news kept coming with the WA Government announcing an additional $20,000 Building Bonus for eligible homebuyers.
To be eligible for the HomeBuilder Package, construction must commence (significant earthworks, excavations or physical building works) within 3 months of the contract date, from now until the 31 December 2020 and within 6 months of the contract date for the Building Bonus grant:
. Build a new home as a principal place of residence on new land, where the property value (house and land) does not exceed $750,000;
. Build a new home as a knock down rebuild renovation project, where the value of the existing property (house and land) does not exceed $1.5 million pre-renovation;
. Purchase a yet to be commenced new home ‘off the plan’ that does not exceed $750,000,. or
. Substantially renovate an existing home as a principal place of residence, where the Contract is between $150,000 and $750,000, and where the value of the existing property (house and land) does not exceed $1.5 million pre-renovation.
Together the State and Federal grants mean new homebuyers who meet the income criteria could receive up to $69,440 in Government assistance:
. $25k Homebuilder grant – Federal grant available*
. $20k Building boost – WA State Government grant available
. $10k First home owner grant – WA State Government grant available
. First home buyers stamp duty concession
This is the perfect time for homeowners looking to build or renovate their family home and demand is high.
Get in touch to find out everything you need to know to make the most of this opportunity. We can help with quick access to finance, access to land, knock down and rebuild options and renovations.
Contact us now to find out more about about the HomeBuilder Package.