Building Stimulus How To Apply

A new build the grant will be paid after foundations have been laid and the first progress payment has been made to the builder.

Building stimulus how to apply. A substantial renovation the grant will be paid after construction has commenced and evidence is submitted showing payments of at least 150 000 of the contract price. An extended deadline for all applications to be submitted including those applying for the 25 000 grant and the new 15 000 grant. The contract must be signed.

This will apply to all eligible contracts signed on. The premier treasurer and minister for housing have released a 444 million housing stimulus package and building bonus for western australia. We will send you an email once your application is received and we will email you again when your application is processed.

Homebuilder will assist the residential construction market by encouraging the commencement of new home builds and renovations this year. Applications can now be submitted up until 14 april 2021 inclusive. Applications will be processed in order of lodgment.

The wa government s housing stimulus package information provides guidance on applying for the grants and off the plan transfer duty rebate. You ll be able to find out more about how and when to apply on the wa gov website. With a grant of 25 000 to build a new home or substantially renovate an existing home.

Under the scheme eligible owner occupiers including first home buyers will get the payment to build a new home or substantially renovate an existing one. Page reviewed 8 june 2020. Owner builders and those looking to build a new home as an investment property or renovate an existing investment property are.

To access the grant applicants must pay a licensed builder the first instalment for starting work. A 15 000 grant for building contracts new builds and substantial renovations signed between 1 january 2021 and 31 march 2021 inclusive. If you are eligible for either the federal and western australian government building grants you can apply to the relevant authority when the construction of your home has started that is when the foundations are complete.