First Home Owners Grants. What it means for you
If you are looking to purchase a new home your first principal place of residence in Australia, the Australian Government currently offers a First Home Owners Grant to assist new home owners get into their first home sooner.
At the time of writing, the initiative now extends to $20,000 for first home owners buying, building, or buying off the plan a new property.
The grant was previously $15,000 however as a once off, the Australia Government has added another $5000 to the grant for a 12 month period commencing from the 1st July 2016.
To be eligible for the for The First Home Owners grant you must:
- Be an Australian citizen or permanent resident (or applying with someone who is).
- You or your spousemust not have previously owned property in Australia.
- Be at least 18 years of age.
- Be buying or building a brand new home, townhouse or unit, valued under $750,000.
You can apply for the First Home Owners Grant directly through the Office of State Revenue or through an approved agent which includes a number of banks and lending institutions. More information on approved agents can be found at: https://firsthomeowners.initiatives.qld.gov.au/
Nexhome Finance, based on the Gold Coast have been assisting prospective home owners claim the Government’s First Home Owners Grant to take advantage of a significant reduction to their mortgage.
Our team are also able to source your new property whether that be a new home, a new build or buying a new home, townhouse or unit off the plan.
Our expertise also extends to the areas of home loans, refinancing, investment loans, construction loans, vehicle and equipment finance, commercial property finance, insurance and other loan products so Nexhome Finance can solve all your property related needs.
Our professional and friendly team assist our clients through the entire process, which can be quite daunting for first home owners.
Nexhome Finance, through our mortgage broking service, have access to over 30 competitive lenders means so we can source the best lender for your situation.
So, call the industry experts at Nexhome Finance on 0412 525 706 if you want to get into the property market and take advantage of the Governments $20,000 First Owners Grant whilst it lasts!