At Residential Building WA whether you’re a first home buyer, investor, building your new family home or looking at demolishing and build, no matter the type of home you are looking to build in Perth we will be able to help you every step of the way.
We understand that everyone’s situation is different and that’s why we’re committed to helping you start your home building journey. Over the years we have built up strong relationships with some of Perth’s top financial specialist. Through these, we are confident that along with the financial specialist we’ll be able to help you find the finance product that suits you.
There is a finance solution no matter the situation and we are here to help you find it.
New Home Building
We understand that making the decision to build your new home is a big one and finding the right financial solution to get you started is an important part of your journey. We work with some of Perth’s top finance specialists who will provide you with the advice you need to make the decision that suits you and your lifestyle. Whether you’re building the family home, knocking down an old home to build new or building an investment property you will have the peace of mind knowing that you are getting the best possible advice available to you.
$20,000 Building Bonus
Announced 7 June the WA State Government has introduced the $20,000 Building Bonus Grant to any West Australian building a new house or purchasing a property in a single-tier development already under construction. This Grant will be available until the end of the year and will not be means-tested or have any cap on the property value.
Building Bonus Grant is complementary the Federal Government’s $25,000 HomeBuilder Grant and to existing State First Home Owner Grant programs, stamp duty concessions and other grant schemes, as well as the Commonwealth’s First Home Loan Deposit Scheme and First Home Super Saver Scheme. First homebuyers could access up to $69,440 in Government Assistance!
To find out what you’re entitled to and to discuss your options further, contact us here.
^Eligibly Criteria Applies. Eligibility is at the discretion of State and/or Federal Government. Please refer the relevant State & Federal Government media statements here, and WA State Government information here.
$25,000 HomeBuilder Grant
Announced 4 June as an economic response to the current climate, the HomeBuilder scheme will provide eligible home owner-occupiers (including first home buyers) with a Federal Government Grant of $25,000 to build a new home or substantially renovate an existing home where the contract is signed between 4 June 2020 and 31 December 2020. Construction must commence within three months of the contract date.
To discuss your options further and find out more about your eligibility criteria, contact us here.
^Eligibly Criteria Applies. Eligibility is at the discretion of State and/or Federal Government. Please refer the relevant State & Federal Government media statements here.
FIRST HOMEBUYERS INFO
First Home Loan Deposit Scheme
Beginning 1 January 2020, the Australian Government designed an initiative to support eligible home buyers purchase their first home.
10,000 scheme places were made available in the first release, with 3,000 registered within the first few weeks!
There are several criteria that will need to be met to satisfy eligibility including an income test, prior property ownership, citizenship, minimum age, deposit etc.
To find out more about your eligibility, contact us.
First Home Owners Grant
Building your first home is one of the biggest and most exciting decisions you will ever make. Helping first home buyers in Perth is the $10,000 First Home Owners Grant available to those building a new home. The First Home Owners Grant is financial assistance awarded by the government to help people of Perth make the first step into homeownership.
By building with us at Residential Building WA one of Perth’s top builders, the First Home Owners Grant money can go so much further. You’ll be able to add the personal touches to your home such as, feature pendants and furnishings or having a bit extra at Pre Start to make your first home absolutely perfect.
An initiative of the Western Australian Government, the Keystart ‘Low Deposit’ home loan is available for anyone who qualifies under their current income limits. To qualify you can be a:
The home loan is available for first and subsequent home buyers as long as you don’t currently own any home or land at the time of settlement. Keystart provides affordable finance options and one of Keystart’s attractive features is the requirement for a deposit from as low as 2% of the property purchase price. This is ideal for first home buyers as the First Home Owner’s Grant can contribute towards the deposit. Keystart, other significant, and attractive feature, is that they do not require Lenders Mortgage Insurance (LMI) which can save the customer thousands.