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Purchasing your first home is an exciting time. Arranging the right loan is an important part of the process and we are committed to assisting you from start to finish!
How much will your monthly repayments be?
We'll assist you to calculate your costs.
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Choose the type of loan.
We'll help you choose the structure that suits you.
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First Home Owners Grant
The First Home Owner Grant (FHOG) scheme is a once off grant of $7,000 to first home buyers. The scheme was introduced on 1 July 2000 with no end date yet identified. The grant is not means tested and is also not restricted by the purchase price or construction cost of the home.
On 14 October 2008, the Commonwealth Government announced a fiscal stimulus package, one element of which includes a temporary increase in the First Home Owner Grant scheme called the First Home Owner Boost (FHOB) that supplements the grant paid to first home buyers for established homes by an additional $7,000 and $14,000 for newly constructed homes.
First Home buyers will be eligible for the First Home Owner Boost (FHOB) on contracts to purchase or build a home entered into between 14 October 2008 and 30 June 2009.
Owner builders are also eligible for the additional grant if they commence construction within this period. During this period the maximum grant is $14,000 for established homes and $21,000 for newly constructed homes.
Who is eligible?
• The applicant must be at least 18 years of age on the date of entering into the contract.
• The applicant for a first home owner grant must be a natural
person (i.e not a company or a trust).
• At least one of the applicants needs to be either:
- an Australian citizen; or
- a permanent resident.
• The applicant or the applicant’s spouse must not have previously
owned an interest in land in Australia that had a home on it,
including an investment home, prior to 1 July 2000.
• The applicant or the applicant’s spouse have not, on or after 1
July 2000, owned an interest in residential property in Australia
and occupied that property.
• The applicant or the applicant’s spouse must not have previously
received or have been eligible to receive a grant under this scheme in any other State or Territory.
All applicants must occupy the home as their principal place of residence within 1 year of completion of the eligible transaction and remain in continuous occupation for a period of at least 6 months.
Transfer Duty Concessions
Transfer Duty concessions may vary from state to state.
The application process.
We help make the process as simple as possible.
more information here
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