building grants wa

The federal government announced a shot-in-the-arm for the building and construction industry.  The announcement was a home building grant of $25,000 for new dwellings or renovations costed between $150,000-$750,000.

Australian Government Treasury HOMEBUILDER Fact Sheet

As a registered Architect and Builder in south-west Western Australia, Threadgold Architecture can prepare the design and provide an Indicative Cost Estimate for the home building grants application. The home building grants program is open for six months with the applicants having to have signed a home building contract by 31 December 2020. Importantly, this only relevant to your principal place of residence but in terms of value; think of it as Scomo installing your kitchen at no cost to you…

building grant announcement

After the Federal Government announced the $25,000 home building grant for new building work; the State Government followed suit.  The State government announced a $20,000 home building grant which is administered by the State Treasury. View Link.

The home building grants will be paid to 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 between 4 June 2020 and 31 December 2020.

The effect of the home building grants announcements has been instantaneous, with an immediate flurry of activity in south-west Western Australia.  Clients are able to access up to $45,000 after entering into a building contract to construct a Class 1 dwelling.  There’s significant portions of rural and agricultural land available across the State and a plethora of potential building sites.

building contacts and home building grants

The type of building contract is the key to avoid forfeiting the generous home building grant offered by the government.  Common building contracts offered in the Australian market range from a meager three pages to a more robust 64 pages. Owners should sign a building contract with clauses that include; superintendence, retention monies, liquidated damages and building program completion date. Without these crucial contract clauses, owners may relinquish their home building grant cost savings.  Signing a thin light weight contract drafted in favor of the builder could ensure home building grant savings are lost.