Purchasing a property for the first time can seem like an overwhelming process, but also one of the most amazing achievements in your life.
For many people, a home is also the biggest purchase you will make in your life, so you’ll want to get it right and make sure you’re on top of all the benefits and grants you can receive as a first time home owner.
Our Home Loan Specialists can help make it a stress-free process for you. We support you by completing all the paper work and finding out which grant(s) as a first home owner, you’re eligible for. Some points to remember about the grants for first time home owners:
- They’re only available to first home owners, meaning if you and your partner/spouse have purchased properties previously, you probably won’t be eligible.
- You’re usually only able to receive a first home owner grant once.
- At least one of the applicants must be an Australia citizen or permanent resident.
- Each applicant must be a natural person, meaning you typically cannot apply on behalf of a company or trust.
- Generally, you must live in the house for at least six months.
- Most states and territories have a minimum age requirement.
- There is usually a maximum purchase price depending on your state/territory.
First Home owner Grants as a whole will cover:
- A new or substantially renovated home that has never been occupied or been sold as a place of residence
- A property that has been purchased as an "off the plan" purchase.
You may also be eligible for stamp duty exemption.
Be aware that eligibility criteria specific to each state will apply. Visit the link appropriate to your state below to find out more:
We specialise in making the process of buying your first home as stress-free as possible. Let us help you navigate this process, ensuring you take advantage of all the financial benefits you’re entitled to.
Talk to one of our friendly team in our Australian based contact centre on 1300 802 222, visit your local branch, make an appointment with a home loan specialist or feel free to apply online.
