housing stimulus

WA government announces $444 million housing stimulus

PHOTO: Prime Minister Scott Morrison announced the HomeBuilder program last week. Photo: Alex Ellinghausen

First-home buyers in Western Australia could receive almost $70,000 in government grants if they build a new home, after the state government announced a building bonus on Sunday.

West Australians could receive up to $45,000 in grants for building a home, with the state government announcing a $20,000 bonus for new residential builds on top of the $25,000 already offered by the HomeBuilder scheme announced by the Morrison government on Thursday.

 

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First-home buyers would also be eligible for the existing $10,000 first home owner grant and stamp duty concessions, meaning some WA first-home buyers could qualify for up to a $69,440 benefit.

“This new major housing package will provide a much-needed boost to WA’s economy,” Premier Mark McGowan said.

“It will provide a pipeline of work for WA building companies and local tradies like bricklayers, plumbers, carpenters and painters, as we recover from the COVID-19 pandemic,” Mr McGowan said.

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