09 June 2020   

2 Mins read
Thanks to the recently announced $25,000 Federal Government HomeBuilder Grant*, along with the $20,000 WA Government Building Bonus** it's now even easier for those looking to build a new home to get onto the property ladder. Add to that, the existing $10,000 WA First Home Owner Grant*** and eligible purchasers could receive up to $55,000 in government grants, helping young families, first home buyers, upgraders and downsizers realise their goal of home ownership sooner.

At Stockland, we’ve been building communities across Australia for over 65 years, helping Australians towards their first, second or forever home, and supporting them throughout their home buying journey.

As Australia’s largest residential developer and creator of some of the country’s most liveable and affordable masterplanned communities we are working hard to make sure we have home and land packages available, to help as many people as possible access the various grants available.

What are the various grants available? 

 

$25,000 Federal HomeBuilder Grant

A $25,000* grant to eligible owner-occupiers (including first home buyers) to build a new home or substantially renovate an existing home. The Federal HomeBuilder Grant can be used simultaneously with the $20,000 WA Builder Bonus Grant and $10,000 WA First Home Grant for eligible buyers. 

Learn More: Link to Govt Home Builder page

FAQs: Link to Govt FAQs

 

$20,000 WA Building Bonus

A grant of $20,000** for eligible applicants who enter into a contract to build a new home on vacant land, or enter into an off-the-plan contract to purchase a new home as part of a single-tier strata scheme. The $20,000 WA Building Bonus Grant can be used simultaneously with the $10,000 WA First Home Owners Grant and the $25,000 Federal HomeBuilder Grant for eligible buyers. 

Learn More: Link to WA Govt Building Bonus page

FAQs: Link to WA Govt Building Bonus FAQs

 

$10,000 WA First Home Owner Grant

A one-off payment of up to $10,000*** to encourage and assist first home buyers to buy or build a residential property for use as their principal place of residence. You may be eligible for the First Home Owner Grant (FHOG) If you are buying or building your first new home.

Learn More: Link to WA Govt FHOG Page

FAQs: Link to Govt FHOG FAQs

 

WA FHOG Duty Concession

If you receive the First Home Owner Grant, or would be eligible except that you are purchasing an established home, you may be eligible for the concessional first home owner rate of duty****.

Learn More: Link to WA Govt FHOG Duty Page

FAQs: Link to Govt Duties Fact Sheet

 

* Not a Stockland promotion. Eligibility and other restrictions apply. Visit https://treasury.gov.au/coronavirus/homebuilder for further information.

**Not a Stockland promotion. Eligibility and other restrictions apply. Visit https://www.wa.gov.au/service/community-services/grants-and-subsidies/apply-new-home-construction-grant for further information. 

*** Not a Stockland promotion. Eligibility and other restrictions apply. Visit https://www.wa.gov.au/government/publications/fhog-fs
 for further information.

**** Not a Stockland promotion. Eligibility and other restrictions apply. Visit https://www.wa.gov.au/government/publications/first-home-owner-duty-fs
for further information.

 

"As Australia’s largest residential developer and creator of some of the country’s most liveable and affordable masterplanned communities, we’re in a good position to help many Australians benefit from these important stimulus packages" - Col Dutton, General Manager, Stockland WA