More time to qualify for HomeBuilder grant
The Federal Government has given prospective home builders and renovators an early Christmas present, extending the contract date for its HomeBuilder grant to March 31, 2021.
The previous cut off for contracts to be signed with builders was December 31, 2020.
The scheme is expected to see the construction or major rebuild of about 15,000 homes across the country, in addition to the 27,000 it is already expected to support.
The news follows the State Government extending the construction deadline for both its Building Bonus program and HomeBuilder, which it administers.
There is a another major change though, with eligible owner-occupier purchasers for new builds and renovations receiving a $15,000 HomeBuilder grant for contracts signed between January 1, 2021 and March 31, 2021; currently they are set to receive $25,000 for contracts signed before December 31.
The deadline for applications to be submitted has been extended to April 14, 2021, and the commencement date for construction has also been extended to six months across the board.
Master Builders WA executive director John Gelavis welcomed the decision.
“This is further great news for the housing industry in WA and will continue to support the many builders, subbies, suppliers and apprentices,” he said.
“It will also deliver economic activity and create further opportunities for home ownership.”
This article was originally published on perthnow.com.au and can be read in full here.
01 Dec 2020