Published on Thursday, 28 January 2021 at 10:04:34 AM
There is about to be an influx of new homes in the Great Southern as the flow on effect from the popular government building grants has stimulated development and created a spike in building approvals.
From September to December 2020 the City of Albany approved 399 building license requests to the value of $65,812,072; this is an increase from the 273 building licenses to the value of $33,498,046 for the same time in 2019.
The increase in overall value of these builds is over 96% and can be attributed to the State Government’s Building Bonus grant in conjunction with the Federal Government HomeBuilder grant.
These grants can provide enthusiastic home builders with up to $45,000 in funding to establish a new home in Western Australia, an incentive that has had a direct effect on the City’s volume of building approvals.
Chief Executive Officer Andrew Sharpe said this increase in building approvals is fantastic news for our local economy.
“To inject an extra $32 million into our local economy over a short 4 months at a time when it’s needed most is a big win for our local building industry and will positively impact local families, suppliers and businesses,” he said.
“Albany is an amazing place to live so to see families and individuals investing their money, time and effort into building a home here is wonderful and exciting for the City to be a part of their journey.
“We have a dedicated Planning and Building Development team here at the City of Albany who have been inundated in recent months with helping residents reach their goals of building a new home and I sincerely thank them for their efforts and professionalism.”
For further information on these grants go to https://www.wa.gov.au/service/community-services/grants-and-subsidies/apply-new-home-construction-grant
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