Home Builder Grants

Discussion in 'Development' started by Martinez22, 21st Oct, 2020.

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  1. Martinez22

    Martinez22 Well-Known Member

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    **The process of applying for available grants and getting a signed building contract can take several months, so you will need to act fast to secure your house and land before 31 December 2020.

    Question, I can get the contract before the 31st of December but for the grant applications - do they need to be submitted or actually approved before the 31st of December 2020?
     
  2. Millie

    Millie Well-Known Member

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    Check out the:

    Building Bonus Grant and HomeBuilder Grant Application Form and Lodgment Guide. It appears the two different grants have different timing requirements, but it refers to “submitting by” date, not “approved by” date.

    “When to apply
    Apply once you have entered into an eligible contract. A full list of documents to support your application is provided in Part G of this form.
    Building Bonus grant
    Comprehensive home building contract to build a new home on vacant land (including owner builder)
     Apply when the foundations have been laid but no later than 31 December 2021.
     If there is a home to be demolished, then apply once demolition has been
    completed and the foundations have been laid.
    Off-the-plan sales contract to purchase a new home in a single-tier development
    Apply when construction has been completed and you are the registered owner of the property. Construction is taken to have been completed on the date the strata plan is registered, or for other land survey types, when occupation permits and building approval certifications are provided.
    HomeBuilder grant
    The Australian Government requires your application to be submitted by 31 December 2020. You can lodge your application earlier if the following events occur before that date:
    Comprehensive home building contract to build a new home as a principal place of residence - when the foundations have been laid.
    Contract with a registered builder to substantially renovate your principal place of residence - when you have evidence to show that you have made payments of at least $150,000 of the contract price to the builder.
    Off-the-plan sales contract to purchase a new home - when construction has been completed and you are the registered owner of the property.
    You may still be eligible if these events occur after 31 December 2020 as long as your application is submitted by that date. You will be able to use RevenueWA’s Online Portal from November to submit your application and then upload supporting information when it is available. Commencement of construction timeframes must still be met.”

    If in doubt, ring the Department to check.
     
    Westminster and MTR like this.
  3. Marcus Jovanovich

    Marcus Jovanovich Member

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    A building contract can be created in a week if your selecting a builders plan with a standard inclusions package. The thing that takes time in getting a contract is people being undecided about design and inclusions (therefore making changes to the preliminary tender)

    You can always get your contract in place and then if needed make "contract variations" if you find you need to make small changes to inclusions or designs after the deadline.
     
  4. MTR

    MTR Well-Known Member

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    just submitted
     
  5. Martinez22

    Martinez22 Well-Known Member

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    Does any one know when each grant gets paid?
     
  6. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Which grant is applicable to you and what type of project?
    If it's already subdivided then generally you apply at slab down and it will take 4-6 weeks to be paid once you have submitted all your documentation. If it's built strata then you won't be able to submit documentation until titles are created
     
  7. Martinez22

    Martinez22 Well-Known Member

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    Awesome. Eligible for both grants, when does the other one get paid ?
     
  8. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Not sure, best to check the grant website