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The New Government Grants for Home Buyers – Do You Qualify?

$55,000 IS UP FOR GRABS IF YOU QUALIFY?

Have you heard? There are incredible new Government Stimulus packages that have recently been announced for anyone wanting to build a home, especially for ‘first home buyers’.

And with all this good news, first home buyers have certainly responded! You’ve probably seen on the news that there’s been a flurry of activity. House and land packages all around Perth are selling out fast (people are even sleeping out!).

2020 was already looking like a great time to build, with record low interest rates and an abundance of land. But then new Federal and State Government Grants were announced and it has made it even easier and more lucrative for first home buyers to get into their first home! WOW, how amazing!

At WOW Homes we’ve had thousands of people enquiring over the past month from people who want to get into home ownership. This is a once in a one-hundred year event if there were ever a time it’s now!

Answer a few easy questions and find out if you qualify.

WOW Homes for first homes

You could be eligible for up to $55,000!* of Government Grants + an additional $20,000* from WOW Homes to make it worth your while

Take action now because if you want to access to the Government Grants, you’ll need to start building within specific time frames (we’ve listed them further down).

Did you know? It can take 30 – 40 days to get your home loan approved. So don’t wait until, you have everything to gain and nothing to lose.

WOW Homes helps cut through all the red tape. We go to the bank on your behalf, we’re a one-stop shop, we do it all for you! We take care of the entire process to make everything as easy as possible for you so you’re dealing with less people. We’ll do it right the first time. 

Our in-house finance crew have access to and work with up to 38 different Banks and Keystart and can help secure the best home loan to suit your circumstances and requirements.

*Terms and conditions apply.

Everything explained

If you’re looking to build and borrow money you are probably feeling pretty overwhelmed with all of the information available in the market. This can be confusing without the proper guidance and expertise to help you. Here’s a quick explanation of the criteria and terms and conditions that apply.

Information correct as at 8th July 2020.

$20,000 State Government BUILDING BONUS GRANT

Criteria

  • Available to first and subsequent home buyers only
  • Aged 18 years over
  • Available to Australian citizens, permanent residents and foreign persons
  • Available to natural persons, corporations and trustees
  • Is not means tested
  • No purchase price cap applies
  • Enter into a building contract between 4 June 2020 and 31 December 2020
  • Commence building a new home within six months of building contracts being signed

$25,000 Federal Government HOME BUILDER GRANT

Criteria

  • Available to first and subsequent home buyers only
  • Aged 18 years over
  • Are an Australian citizen
  • Are an individual (not a company or trust)
  • Earn less than $125,000 income per annum as an individual
  • Earn less than $200,000 (combined) income per annum as a couple
  • Enter into a building contract between 4 June 2020 and 31 December 2020
  • Build a new home valued up to $750,000 (this includes the land)
  • Commence building a new home within three months of building contracts being signed

$10,000 State Government FIRST HOME OWNERS GRANT

Criteria

  • Available to first home buyers only
  • Build a new home valued up to $750,000 (this price includes the land)

Find out if you qualify!

Still got questions? We’ll let you know if you qualify. It only takes a couple of minutes so get in touch with us today!