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$55K Homebuyer Grants

State and Federal Grants Explained.

On 4th June, 2020, the Australian Government announced its “HomeBuilder” plan to stimulate the residential construction industry with a huge $25,000 cash incentive grant for first-homebuyers and second-home buyers. The WA State Government then announced its own stimulus package of $20,000 on 7th June. Plus, with the $10,000 First Home Owners Grant, eligible homebuyers could qualify for up to $55,000 in cash grants.

So whether you’re a first-homebuyer, second-homebuyer, or simply looking to know your options, we’re here to help.


When do the HomeBuilder and WA Building Bonus grants officially kick in?

The HomeBuilder $25,000 and the WA Building Bonus $20,000 grants are effective from 4 June 2020 to 31 December 2020 for new building contracts.

Are there any income limits to be eligible?
Does the HomeBuilder grant apply to first homebuyers only?
Do the $25,000 and $20,000 grants include the $10,000 First Home Owners Grant?
Is there a cap on the value of home I can build?
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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