Often, first home buyers will hear about the first home buyer grant first, before they’ve done any other research into what it takes to buy a home. While the prospect of securing financial assistance to get the keys to your first place may seem attractive, accessing it will form one part of what can sometimes be a complicated process.
Once you’re aware of what it takes to buy a home, you’ll be able to budget and set your expectations accordingly.
The first homeowner grant is financial assistance in the form of a one-off payment from your state or territory government, that can be accessed to help with the purchase of your first home.
The first homeowner grant scheme was introduced to offset the effect of the GST on home-ownership, and the amount you may be able to access differs from state to state, so making yourself aware of just how much you may be able to access will help you adjust your deposit savings budget.
Depending on the location, price and type of property you plan to buy as your first home, you may be able to access differing amounts.
In which Australian state or territory do you intend to buy your first home?
What kind of home will you be purchasing? New? Established? Are you building a new home?
What is the value of the property you’ll be purchasing?
Once you’ve got this info, complete your details below and we can help assess whether you may be eligible for the first home buyer grant in your state.
If you feel ready to kick-start the home buying journey, leave us some details via our enquiry form below, and an expert lender will be in touch to discuss how we can help.