The post Federal Government HomeBuilder Deadline Extended first appeared on House & Land Packages Baldivis.

The $20,000 Building Bonus grant is for any Western Australian to build a new house or purchase a property in a single-tier development already under construction.

The grant is not means tested and has no cap on the property value.  This grant is on top of the Federal Government’s HomeBuilder Grants as well as the WA’s First Home Owner Grants and first home buyer duty concession.

The grant was originally implemented from 4^th June 2020 until 31 December 2020, with construction on the building contract required to commence within the 6 month period. By extending the construction deadline date, it is expected that thousands more people will now be able to sign up to home building contracts and receive the grant.

Mr McGowan said $147 million had already been allocated to the scheme and its extension would cost an additional $65 million.

“It’s a big commitment by the State Government towards this program but it is ensuring that billions of dollars of housing constructions is undertaken, tradies are kept employed, businesses keep operating, apprentices (are) being engaged,” he said.

The Premier said many builders had closed their books and stopped taking on new clients because of the June commencement date, and the extension would allow them to take on more jobs and create a pipeline of work until 2022.

He said the State Government had also asked the Commonwealth to extend its $25,000 home building and renovation grant, introduced around the same time

Housing Industry Association (HIA WA) executive director Cath Hart said the extension was a “win for consumers, jobs and WA’s economic recovery”.

“It’s a really sensible move that will smooth out the workflow,” she said.  “The benefit is really around having a much more sustainable pipeline of work. We were looking at having to get all those slabs on the ground really quickly, but what this will mean is that construction activity can extend right into 2022.”

According to the HIA, WA new homes sales increased by 211 per cent between May and June this year following the announcement of both federal and state grants.

With this new extension to the WA grant, what better time to find the perfect piece of land. Get in touch with us to find out how we can help you take the next step towards owning your own home.

Contact Paula Sutton, our friendly Estate Sales Manager on 0418 943 193 or paula@spatialproperty.com.au or visit our website www.spiresbaldivis.com.au

The post WA Building Bonus scheme construction deadline extended first appeared on House & Land Packages Baldivis.

The HIA’s latest New Home Sales report found WA’s new home sales figures had increased more than anywhere else in Australia over the past three months, as well as over the past six months.

“The latest data shows a 175 per cent increase in WA’s new home sales over the three months since HomeBuilder and the Building Bonus were announced in early June,” HIA WA executive director Cath Hart said.

“WA saw an initial spike of 211 per cent in new home sales in June which moderated in July to 17 per cent, before increasing by 11.4 per cent in August.”

While the surge in new homes was welcomed by industry, Ms Hart said she was concerned consumers could miss out on their grants.

“We’re going from an historic low to an historic high, and the grants require builders to commence work on-site quickly despite challenges in terms of titled land and labour,” Ms Hart said.

“This spike of more than 175 per cent compared to the previous quarter has created challenges in securing titled land and labour given both building schemes were launched when WA was at a 20-year low in sales activity”

The industry is now calling for the Government to extend timeframes to allow for land developers to be given until 30 June 2021 to title lots, as well as giving builders six months to commence after lots are titled.

This is an important longer-term view ensuring a stable and sustainable pipeline of activity, plus the right mix of skills to deliver, as the state’s home building industry will eventually transition back to normalised averages.

Government grants are still available to help buyers get into the market, with up to $69,440 available to those that qualify.  First Home Owner Grants of $10,000, the Federal Home Builder Grant of $25,000, Western Australian Building Bonus Grant of $20,000 as well as state Off-the-plan Duty Rebates.

With this kind of assistance available, why wouldn’t you consider building your dream home?

Touch base with us today to find out how we can help you take the next step towards owning your own home.

Contact Paula Sutton, our friendly Estate Sales Manager on 0418 943 193 or paula@spatialproperty.com.au or visit our website www.spiresbaldivis.com.au

The post WA new home sales up 91% first appeared on House & Land Packages Baldivis.

These housing finance figures reveal lending across Australia for construction of a new home reaching the highest level recorded in 2 years, with finance approvals for the purchase of a block of land now 69.9% higher than in the same month last year.

HIA chief economist Tim Reardon said there had been a tangible improvement in sentiment and confidence in the housing market.

“Most significant, today ’s data shows that there has been a 30 per cent increase in the number of loans issued for the purchase of residential land for the second month in a row,” Mr Reardon said.

“This is the first indication of the impact of HomeBuilder. One of the early decision making stages of building a new home is the purchase of a suitable block of land.”

“The surge in land sales should see a recovery in the number of slabs being poured as early as the December quarter, as customers proceed through the process to design and construct a new home. This will protect employment in the residential building industry and across the economy into 2021.”

But with this surge in lending, there is a huge demand on available land to begin building before the end of the HomeBuilder grant in December 2020. The building and construction industry is calling on the federal government to extend its HomeBuilder grants program for another year to help the sector through the impact of the coronavirus.

Master Builders Australia (MBA) claims the scheme announced in June has been “the most effective government stimulus measure in a decade”.

MBA Chief Executive Denita Warn added “HomeBuilder should be extended for 12 months in the federal budget to help maintain a pipeline of work and be a lifeline for builders and tradies.”

“Our latest forecasts estimate that HomeBuilder is likely to boost new home building commencements by almost 10,000 during 2020-21” she said.

With this in mind, if you are ready to create the home of your dreams, there is no time to waste.

Touch base with us today to find out how we can help you take the next step towards owning your own home.

Contact Paula Sutton, our friendly Estate Sales Manager on 0418 943 193 or paula@spatialproperty.com.au or visit our website www.spiresbaldivis.com.au

The post 2 year high for new build lending first appeared on House & Land Packages Baldivis.

Urban Development Institute of Australia WA (UDIA WA) conducts extensive surveys of the major land developers in Perth to create land market data. Their recent surveys found Perth achieved 3,322 new lot sales during the June 2020 quarter, the highest quarterly land sales on record since the institute started recording in the 1990’s.

UDIA WA chief executive Tanya Steinbeck said that “while demand has surged, average prices for new land have remained relatively steady at $226,400. Comparative to other capital cities in Australia, Perth remains an affordable and stable option for those looking to enter the market.”

UDIA WA’s survey found there were approximately 7,500 new lots either on the market or under construction, which is good news for buyers, given there has been an influx on demand for properties.

“The good news is there is still a decent level of supply either on the market or under construction to meet continued demand.” Ms Steinbeck said.

Now is the time to buy, with Government grants available to help buyers get into the market, with up to $69,440 available to those that qualify. First Home Owner Grants of $10,000, the Federal Home Builder Grant of $25,000, Western Australian Building Bonus Grant of $20,000 as well as state Off-the-plan Duty Rebates.

With this kind of assistance available, why wouldn’t you consider building your dream home?
Touch base with us today to find out how we can help you take the next step towards owning your own home.

Contact Paula Sutton, our friendly Estate Sales Manager on 0418 943 193 or paula@spatialproperty.com.au or visit our website www.spiresbaldivis.com.au

The post Perth land sales market holding strong first appeared on House & Land Packages Baldivis.

When can you apply for this grant?

For a new home on vacant land (new detached dwelling) – apply when construction has started (foundations complete). For new single-tiered dwellings such as villas and townhouses – apply when you are the owner of the property (registered on the certificate of title).

What properties are eligible for the grant?

• New detached homes constructed under a building contract
• New relocatable homes
• New homes constructed by an owner-builder
• New single-tiered homes on strata plans such as villas and townhouses. For more information about these types of properties, see section 3(1) of the Strata Titles Act 1985
• New single-tiered homes on other land survey types.

What properties DON’T qualify for the grant?

• Properties in multi-tiered developments such as an apartment tower. These properties may qualify for an off-the-plan duty rebate.
• Mixed use and commercial property
• Short stay accommodation
• New constructions where there is already a home on the land, for example, adding a granny flat to the backyard of the person’s home
• Refurbished property and developments, including where the original property is extended or renovated. Substantial renovations may qualify for the Commonwealth Government’s HomeBuilder scheme.
• A building contract or contract for the purchase of property that the Commissioner is satisfied was cancelled to allow a new contract to be made for the purpose of qualifying for the grant
• Completed dwellings (existing stock) held by the developer or another person

Now you’re armed with all the facts, why not get in touch with us to find out how we can help you take the next step towards owning your own home. Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au or visit our website www.spatialproperty.com.au

The post $20,000 Building Bonus Grants for contracts signed before December 2020 first appeared on House & Land Packages Baldivis.

The post HIA’s HOUSING magazine is out now! first appeared on House & Land Packages Baldivis.

Mr McGowan tipped a turnaround in the long-declining property market and a jolt to stagnant wages would follow hot on the heels of renewed business investment.

“It is actually a good time to buy (a house),” he said. I would encourage people. Prices are low, yet economic activity is picking up and so that will inevitably be followed by (demand for) housing.

Exactly one year after The Sunday Times heralded early signs of life for WA’s stagnant economy, the results are in — and they are conclusive.

Data released on Friday showed the State’s domestic economy expanded 1.1 per cent in 2017-18, a remarkable turnaround after plummeting 7.1 per cent in 2016-17 and four consecutive years of decline.

Nearly every month this year has brought news of renewed activity in the mining sector.

Rio Tinto, Fortescue Metals Group and BHP have all announced new workforce-hungry iron ore projects and the State now boasts seven lithium mines, with a second $1 billion lithium processing plant on the way near Bunbury.

Mr McGowan said he had not felt more confident about WA’s economic prospects since sweeping to power early last year.

The post Buy a Home Now, PREMIER Mark McGowan Tells West Australians first appeared on House & Land Packages Baldivis.

With a larger percentage of young families and children than the rest of the metro area, the demand for sustainable sporting and recreation opportunities is essential for health and social development for those living in Baldivis.

The Baldivis District Sporting Complex will cater to a large number of community sports, providing a mix of indoor and outdoor facilities including nature play and youth recreation opportunities.

It will be able to adapt to participation trends and will engender community pride and health and wellbeing benefits.

How will the $56million be spent?

• Active Reserves – $21m
  Four ovals and new junior and senior sports pavilions
• Outdoor Sports Centre – $8m
  Development of a range of hard courts and associated infrastructure
• Indoor Sports Complex – $18m
  Development of a range of indoor sports and recreation facilities
• Youth Recreation and Fitness Space – $2m
  Dedicated facility for young people and the community to recreate and keep fit
• Specialised Centre* – $8m
  Development of cycling track and pavilion

* Note: The development of a specialised centre for cycling is shown within the City’s 2017-2027 Community Infrastructure Plan as a final stage of the Baldivis District Sporting Complex project.

Located only 6km from Paramount Private Estate Baldivis.

The new Baldivis District Sporting Complex will be located at the corner of Eighty Road and Kendall Boulevarde, Baldivis.

There will be three entry points, with the main entry being via a new roundabout that will be built at Kendall Boulevard and the other two being slip roads into the complex.

Paramount residents will be a short 7min drive from the new Baldivis District Sporting Complex, or they can take the 564, 566 or 567 bus.

How will the project benefit the community?

The district level sporting and recreation reserve will service residents of Baldivis (north and south) and will provide for district and regional level competitions for the Rockingham population in general.

Estimated jobs will the project create:

• Construction phase (stage 1) – 744 jobs
• Overall project – 2,000 jobs
• Ongoing: 30-50 ongoing full and part-time jobs

When will the project be delivered?

The new Baldivis District Sporting Complex will be delivered in a few stages from 2021/22, with the 2022/23 financial year being the year that every stage officially opens to the public.

This means if you purchase land at Paramount in the next year or so, you will be perfectly placed to take advantage of this fantastic new facility.

Where and when can I hear more about the new Baldivis District Sporting Complex?

If you are interested, there will be a community presentation and information/Q&A session of the master plan on:

• Tuesday, 16 October, 6.30-7.30pm at Mary Davies Library and Community Centre, Baldivis.
• Registrations for this information session are essential on (08) 9528 0333 or customer@rockingham.wa.gov.au

Additionally, you can provide comments on the Share Your Thoughts page until Wednesday 31 October.

To see the full draft master plan, please click here.

For more information about Paramount Private Esate Baldivis please visit http://paramountbaldivis.com.au/

Or contact Andrew Mackenzie on 0419 904 790 or email him at andrew@spatialproperty.com.au

The post $56million Baldivis District Sporting Complex Announced first appeared on House & Land Packages Baldivis.