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HomeBuilder Incentives Information

  •  - GO Homes

Home Builder Grants and Incentives

The Federal HomeBuilder and WA Building Bonus grants are government incentives first introduced in June 2020 to help stimulate the economy during the COVID-19 pandemic. Consumers who signed building contracts between 4th June 2020 and 31st December 2020 were eligible to apply for $25,000 in federal grants and $20,000 in state grants, totalling $45,000 in government incentives.

Plus, with the $10,000 First Home Owner Grant (FHOG), eligible first homebuyers were able to qualify for up to $55,000 in grants.

The Federal Government then announced an extension to the Federal HomeBuilder program in November 2020. This extension applied to new building contracts signed between 1st January 2021 and 31st March 2021 at a reduced incentive of $15,000.

News of these grants was greatly received by WA homebuyers — but with all this exciting news, you might be wondering what this means for you now that the HomeBuilder and Building Bonus grants are about to pass.

We are always looking for the best ways to maximise any available benefits for our clients. Whether it’s government incentives like the First Home Owner Grant, land incentives from developers, or simpler access to finance options, our team is here to help.

Through our affiliation with BGC Housing Group, exclusive access to land, and our close relationships with the Loan Company and the State Government, our expert team is perfectly positioned to help you find the right fit and maximise the benefit for you.

So, whether you’re a first-homebuyer, second-homebuyer, or simply looking to know your options, use our simple entitlement tool to learn your benefits today.

Know your entitlement in
2 easy steps.

Simply fill out the form below in under 60 seconds.

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FAQs

When did the HomeBuilder and WA Building Bonus grants officially start and finish?

The HomeBuilder $25,000 and the WA Building Bonus $20,000 grants applied to new building contracts signed from 4 June 2020 to 31 December 2020. On 1 January 2021, the Federal HomeBuilder grant was reduced to $15,000 and applied to new building contracts signed between 1 January 2021 and 31 March 2021.

Are there any income limits to be eligible?
Does the HomeBuilder grant apply to first homebuyers only?
Do the Federal HomeBuilder and State Building Bonus grants disqualify me from the $10,000 First Home Owner Grant?
Is there a cap on the value of homes being built?
How soon does construction have to start in order to be eligible?

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The new government stimulus on residential housing is subject to terms and conditions, with eligibility criteria applying. Please contact us for further information.

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