Australian Federal Government Extends HomeBuilder Grant

Australian Federal Government Extends HomeBuilder Grant

The economic crisis that Australia is experiencing has seen a positive reprieve with the success of the HomeBuilder grant scheme. The HomeBuilder scheme has been more successful than the Australian Federal Government could of anticipated, with the grant creating thousands of construction jobs across Australia.

As a result, the Federal Government have decided to extend the HomeBuilder scheme. The scheme was due to end on 31st of December, 2020. However, it will now be extended at a reduced amount of $15,000 to 31st March 2021. Read the official press release from the Minister for Housing, here.

Capricorn Beach Yanchep was ecstatic to hear this news. The HomeBuilder scheme is allowing West Australians to fulfil their dream of building their own home.

This extension means that home building companies can now take on more contracts, that are able to benefit from the HomeBuilder scheme. Therefore, there is no need to worry that you have missed out on this fantastic opportunity to build your dream home. With land still available at Capricorn Beach in Yanchep, there is still time to take advantage of HomeBuilder scheme and find the perfect property for your new home.

What is the HomeBuilder Scheme?

HomeBuilder is a cash grant that can help you to:

– Build a new home (that you intend to live in yourself, i.e. you are the owner-occupier and are not going to rent out to a tenant.)
– Significantly renovate an existing home.

The grant is worth $15,000 and applies to building contracts signed between 1 January 2021 and 31 March 2021.

The building project must start within six months of the contract being signed.

In Western Australia, in order to receive the grant, the value of the property that you plan to build your new house on, cannot exceed $750,000.

In order to receive the substantial renovations, grant, the value of your existing property must not exceed $1.5million.

To be eligible to receive the $15,000 HomeBuilder grant you must sign the building contract for your new home before March 31st 2021, and have submitted the application for the grant before April 31st, 2021.

For all official information, please see the Federal Government HomeBuilder website. Apply for the HomeBuilder grant today, by visiting this website.

HomeBuilder in Western Australia

The appetite for building new homes in Western Australia is growing exponentially. One of the largest contributing factors to this is the multiple grants currently available from the government. Alongside HomeBuilder, the First Home Owners Grant (FHOG). The West Australian government is providing first homeowners a $10,000 grant, in addition to HomeBuilder. The FHOG will assist first-time owner-occupiers to purchase or build a residential home. This offer is allowing many to take advantage of the excellent land packages WA has on offer.

This is especially exciting news to young people, as it presents an exciting opportunity to escape the rent trap. Young families can start their lives sooner, aided by this unique opportunity to gain the valuable asset of owning property in their name.

Many property market experts agree; this is the best opportunity to build your own home, that West Australians have seen in a long time. However, it is evident that even with this scheme extension, it will not last forever. With these grants, blocks of land in areas such as Capricorn Beach that boast easy access to the stunning lagoon, high quality schools and amenities, have become much more financially accessible to many people, and in extremely high demand. Therefore, it is important to take advantage of this state of affairs, and secure a position in a premium location such as Capricorn Beach, before these financial benefits are no longer available.

Take Advantage of the HomeBuilder Grant at Capricorn Beach in Yanchep

Start by exploring the land available in Capricorn Beach, Yanchep’s only beachside estate. There are multiple land packages available, depending on your preferences for your new home.

Go to our LandFinder page to browse the land options available and to see our price list. For more information about using the HomeBuilder scheme to build your new home at Capricorn Beach Yanchep, please do not hesitate to call our team on 09 9561 6018.