In June 2020, the Federal government released the HomeBuilder Scheme granting eligible owner-occupiers (including first home buyers) $25,000 to build a new home or substantially renovate an existing home. On top of that the WA Government released the $20,000 Building Bonus Package for those building on “titled blocks”.
Titled blocks have a registered certificate detailing who owns the land, meaning you can purchase and start the building process straight away. At Perth Townies, we work almost exclusively with title blocks in areas both north and south of the river right in and around Perth.
How the Government grants work
When the Federal government grant of $25,000 was introduced it was only available to people who will be ready to start construction within 3 months, and this is where titled blocks come in handy as you can start building on these straight away. While the deadline for the WA government grant of $20,000 is 6 months, so this might be an option if you’re not able to secure a titled block at the moment. However, extensions have since been announced, so best get in touch with us to find out the latest!
Following the announcement of the government grants, titled land has been selling so fast that it is getting harder and harder to find and secure a block. The Perth home building market has also seen strong growth, leaving many of the more high profile builders to announce that they are not taking on any more new home builds. Lucky for you, Perth Townies have top class builders, financiers and land contacts across Perth. There really is no need for you to miss out on this new home building opportunity.
