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Do you qualify for up to $55,000 in stimulus grants to put towards your new home?

Thanks to a range of different grant offers and stimulus packages, it’s possible that you could qualify for up to $55,000 that you can put towards building your first home.

But with so much information available online, it can be hard to get a good understanding of exactly what’s on offer and what you need to do to qualify. If you’re a bit confused, don’t worry! We’ve broken everything down and made it simple for you.

This page contains everything you need to know about what’s currently on offer. Check it out to learn more about the deadlines and eligibility criteria for:

  • First Home Owners Grant (WA): $10,000
  • Building Bonus Package (WA): $20,000
  • HomeBuilder (National): $25,000

Make sure you don’t wait too long to apply. A number of these grant offers expire at the end of the year!
 

Find Out If You Qualify For $55,000 In Grants

First Home Owners Grant (WA): $10,000

Available to anyone building or buying their first home in WA, the First Home Owners Grant is a State Government initiative designed to help more people get into their first home.

Deadline: Ongoing

Eligibility Criteria:

  • Must be 18 years of age or older
  • Available for first home buyers only
  • At least one applicant must be an Australian citizen or permanent resident
  • You must occupy the home as your principal place of residence.
  • No means testing - there is no income limit for this grant.
  • Total house and land package cannot exceed $750,000 in value.

First Home Owners Grant

Building Bonus Package (WA): $20,000

A State Government Stimulus package offer designed to combat the recent economic downturn, the Building Bonus Package grant is a fantastic opportunity for WA first home buyers.

Deadline: 31st of December, 2020.

  • You need to sign a contract with a builder before the deadline date.
  • Construction needs to begin within 12 months of signing your building contract.

Eligibility Criteria:

  • Must be 18 years of age or older.
  • Available for first and next homebuyers.
  • Available to natural persons, corporations and trustees.
  • At least one applicant must be an Australian citizen or permanent resident.
  • Available to investors - you don’t need to occupy the home as your principal place of residence.
  • No means testing - there is no income limit for this grant.
  • You do not need to be living in WA to access the grant.
HomeBuilder (National): $25,000

In order to help boost the economy in the face of the recent economic downturn, the Federal Government’s HomeBuilder Grant offers first home buyers in WA another boost for their home building dreams.

Deadline: 31st of December, 2020.

  • You need to sign a contract with a builder before the deadline date.
  • Construction needs to begin within 3 months of signing your building contract (but it is possible to apply for an extension to this).

Eligibility Criteria:

  • Must be 18 years of age or older.
  • Both applicants must be Australian citizens.
  • Not available to companies or trusts.
  • You must occupy the home as your principal place of residence.
  • The maximum value of the property cannot exceed $750,000.
  • Means testing income limits:
    • Individuals - maximum income of $125,000 for financial year 18/19
    • Couples - a combined maximum income of $200,000 for financial year 18/19


What’s Next?

Want to take advantage of this amazing assistance to get into your first home? You can start by booking a consultation with one of our friendly team members.    We’ll help you work what grants you qualify for and how you can best use them to kick-start your home building journey.

We’ll also use this time to discuss your budget and get to know what you’re looking for in a home.

Other builders have shut up shop and are no longer able to help you use these stimulus offers to get into your first home, but not us!

So why not get in touch and get things moving today? You do not want to miss out of this once-in-a-lifetime opportunity!

Want to Know More?

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Do I Qualify

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