Great news for homeowners and prospective buyers: housing affordability is at its best level in a decade and should continue to improve in 2021.

The cost of buying your new home includes other fees and charges. You’ve saved a great deposit and signed up for your mortgage. All that’s left to do is move in, right? But have you budgeted for all the costs?

Grants of $25,000 will be available for Australians who carry out substantial renovations to their existing home or build a new home where the contract is signed between 4 June 2020 and 31 December 2020.

You might have recently heard that ‘responsible lending laws’ are set to be scrapped early next year. Rest assured though that you’ll still be able to borrow responsibly. Let us explain how.

Apply for a new WA home construction grant

Building Bonus grants are available for people who enter into a contract to build a new home on vacant land or purchase a new home being constructed under a single-tier development on a strata plan or other land survey type.