Member for Vasse Libby Mettam has welcomed a recent announcement by the Liberal-National government that the First Home Buyers Grant will be boosted from $10,000 to $15,000 for 12 months from January 1.
The new $5000 boost payment applies to contracts entered into between January 1 and December 31 this year for the purchase or construction of a new home. This includes owner builders who lay foundations of their home between those dates.
“This targeted initiative is expected to help an extra 650 first homebuyers to secure their first home and will stimulate construction in the housing market,” Ms Mettam said. “In doing so, this will create about 2000 jobs for tradespeople across the state.”
Ventura Home Group South West general manager Daryl Brough said the increase of $5000 in the grant to $15,000 provided an amazing opportunity for first home buyers to get their own home.
“The opportunity is now as the increase is for this year only,” he said.
“The increase in the First Home Owners Grant is also a great boost for jobs in the South West, not only for the building industry but many other local associated businesses.
“It’s never been an easier or a more exciting time to build than this year.”
As with the existing grant, the boost payment applies to new homes up to the value of $750,000 or up to $1 million if the home is located north of the 26th parallel.