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After July 1, the first home owner's grant will drop to $10,000. Photo: Attila Csaszar

Wyatt slashes first homebuyer boost

Local builders say they’re disappointed by the state government’s decision to axe a $5,000 boost to the first home owner’s grant, with one of Western Australia’s peak housing bodies describing the announcement as a missed opportunity to support new jobs.

Treasurer Ben Wyatt today announced that Labor would phase out a $5,000 boost payment to the first home owner’s grant by June 30, as another of the state government’s  cost savings measures.

After July 1, eligible first time buyers will be eligible for a grant of $10,000.

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WA revenue

2nd-Hancock Prospecting$1.73bn
3rd↑Competitive Foods Australia$1.23bn
4th-ABN Group$1.02bn
5th↑Byrnecut$979.0m
6th-Wilson Parking$930.7m
104 private companies - large ranked by revenue most recent financial year

Housing starts

1st-BGC Australia2,436
2nd-ABN Group2,184
3rd-Ventura Home Group1,197
4th↓JWH Group1,012
5th-Summit Homes Group746
47 residential builders ranked by no. of starts (2016/2017)

Number of Employees

Private Companies - Large

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