- More than 160 enquiries a day from potential home buyers since housing announcements
- Changes providing a range of options for those looking to buy in established areas
- Initiatives expected to create 3,200 jobs, including about 300 apprentices and trainees
The Liberal National Government's initiative to increase the First Home Owners Grant from $10,000 to $15,000 and relax the eligibility criteria for Keystart home loans has prompted hundreds of enquiries from potential home buyers.
Acting Premier and Training and Workforce Development Minister Liza Harvey said many potential first home buyers had been surprised to learn how the grant could assist both those looking to buy in new suburbs and in more established areas.
"Keystart received 1,139 enquiries in seven days following the announcements about the boosted First Home Owners Grant and changes to Keystart eligibility. The State Government wants to ensure the community is aware the changes can benefit a variety of developments, including those in infill locations," Ms Harvey said.
"With the First Home Owners Grant available to purchases of off-the-plan apartments and homes that have been substantially renovated, many West Australians have greater choice of location for their first home, including close to the city."
The Acting Premier said the decision would help first home buyers enter the property market, stimulate construction in Western Australia's housing market and create about 3,200 new jobs for the many tradespeople employed in the construction of a new home.
"These workers will include about 300 apprentices and trainees who are vital to ensuring Western Australia has an ongoing skilled workforce," she said.
Ms Harvey said the 12-month boost to the grant, coupled with the existing generous transfer duty assistance provided to first home buyers, was one of many measures the State Government was introducing to support the State's economy.
- Keystart received 1,139 enquiries between December 27, 2016 and January 2, 2017
- Keystart's metropolitan income limits would be increased by $20,000
- The estimated cost of the additional First Home Owners Grant is about $45 million
- For more information, visit http://www.finance.wa.gov.au
Premier's office - 6552 5000
Training and Workforce Development Minister's office - 6552 5900