Government grants inflate Perth’s housing market

Earlier this month the Western Australian Government piled in behind Scott Morrison’s HomeBuilder program, offering a $20,000 non-means tested subsidy to all purchasers of a newly constructed dwellings.

Along with other available subsidies, this meant that first home buyers in Western Australia could ‘save’ around $60,000 on the cost of a new home, broken down as follows:

  • $25,000 HomeBuilder;
  • $20,000 Building Bonus;
  • $5,000 Stamp duty concession; and
  • if you’re a first home owner, another $10,000.

A week later, a developer was caught inflating the cost of a house and land package.

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