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HomeBuilder Grant and Building Bonus

Everything you need to know about the Grants and Bonuses in 2020

So, you've heard that you could get up to $55,000 in grants and bonuses, but what next, who is eligible and what do you need to know?

Firstly, the whole idea behind the grant is to help the economy and boost construction. The Federal Government's HomeBuilder Grant is $25K and the State Government is chipping in an extra $20K as a Building Bonus. Plus, if you're a first home buyer, the First Home Owner Grant (FHOG) may also still apply. That's up to $55K reasons to build in 2020. 

Interest rates are the lowest they've been in history and house and land packages are representing exceptional value. With migration rates tipped to increase in Perth over the next 10 years (aka population set to boom over in the West), now really is a great time to build and reap the rewards into the future. 

If you're looking to build in an estate that offers a great lifestyle, parks, great location and a safe place to live with a community feel, 545 Baldivis is your new place to live. With some of the lowest prices around and great value for money house and land packages, you can't go wrong. 

If you want to know more, here's some additional reference for you. Or if you aren't keen to read through Government jargon on websites, give Kim a call. She's more than happy to answer any questions you have. 

https://treasury.gov.au/sites/default/files/2020-06/Fact_sheet_HomeBuilder.pdf

https://www.wa.gov.au/service/community-services/grants-and-subsidies/apply-new-home-construction-grant