Pop Up Space Tips
10/05/2018 • Pop Up Space Tips
Alcohol & Food and Your Pop Up Hosting a pop-up shop is a great way…
08 9443 7088
On 17 May 2017, the Government announced a change to the first home owner boost payment introduced at the beginning of this year.
Where the first home owner boost payment applies to a first home owner grant received on a contract to build a home, construction must commence within 26 weeks after entering into a building contract and be completed within 18 months after the commencement of construction. For owner builders or purchasers of a new home ‘off-the-plan’, construction of the home must be completed by 30 June 2019.
So, in short, the deadline is for;
Purchase of newly built property / never been lived in – Purchase contract signed by 30th June 2017
Construction of new property – Building contract to be signed by 30th June 2017
There are 2 parts to first home owner benefits in WA;
i) Stamp duty concession;
• A full stamp duty concession is available for eligible property purchases up to $430,000, then a tiered concessional rate applies up to $530,000.
• A full stamp duty concession is available for eligible vacant land purchases up to $300,000, then a tiered concessional rate applies up to $400,000 (a signed building contract is required to claim the stamp duty concession and the first home owners grant).
• Available for eligible newly built property purchases up to $750,000.
• Available for eligible land and construction purchases up to $750,000.