GENERAL NEWS
THE Western Australian government has established an interest free loan facility to assist residential builders in completing unfinished properties.
The $10 million loan Builders’ Support Facility is aimed at getting Western Australians most affected by delayed construction timeframes into their new homes.
Eligible residential builders will be given access to interest free loans of up to $300,000, or up to $60,000 per property, with payments made in instalments to...
The scheme will assist in the completion of homes that have been under construction for more than two years...
“We know that the construction industry has experienced significant labour and material price hikes over the last few years. This has delayed some residential builders from...
“We have also seen many families building new homes left stranded with incomplete projects and no timeline for delivery.”...
“The innovative loan facility will enable builders who have been unable to complete homes under construction for two or more years due to cashflow constraints, to...
The initiative is a direct response to a roundtable held between the Cook Government, HIA WA, and the housing and construction industry, where boosting housing supply and...
“The Cook Government continues to engage closely with the residential construction industry to address the challenges they are being faced with,”...
“We are doing everything we can to support builders to complete unfinished properties, get Western Australians into their new homes, and boost overall housing supply.”...
Builders will be eligible if they are a solvent WA-based residential builder that has been in continuous business in Western Australia for more than four years and...
“Our Government is investing a record $2.6 billion in housing and homelessness measures, and we’ve added more than 1,800 social homes, with more than 1,000 social homes...