Home bonus extended

The state government has announced it will continue the First Home Builder Boost, albeit at a lower rate, indefinitely.

The $30,000 grant to people building or buying new homes was due to finish at the end of the year.

Treasurer Peter Gutwein today said the grant would be reduced to $20,000 and extended to July 1 next year.

It will then be halved to $10,000 with no end date in sight. 

``By tapering the grant over time, we will continue to stimulate building activity and create jobs, while also retaining our skilled workforce,'' he said. 

About 100 applications a month are received for the grant, Mr Gutwein told reporters. 

MORE IN TOMORROW'S EXAMINER

Smartphone
Tablet - Narrow
Tablet - Wide
Desktop