There continues to be plenty of Government support for first home buyers, even after HomeBuyer. That’s why it is critically important to understand all the Government first home buyer grants and schemes available.
These grants and schemes present a unique opportunity to secure bonuses, start with lower than normal deposits and pay the lowest interest rates in decades. PLUS builders and land developers are offering bonuses on top of the government first home buyer incentives.
On the table are a range of packages. Each with different criteria. That is why it is so important to chat to professionals like us, to understand which options suit you best.
So, if you have been thinking of moving out of home or not having to live in a rental property with flatmates, knowing where to start and how to maximise your outcome is the key. Our boutique and bespoke approach with over 10 builders and the state’s best developers, means we can help you get into your first home sooner.
VICTORIAN GOVERNMENT SUPPORT FOR HOME BUYERS
First Home Owner Grant : $10,000 is available to eligible applicants buying or building a new home valued at up to $750,000 in metropolitan Melbourne. In regional Victoria, $20,000 is available.
Stamp Duty Concessions : First home buyers purchasing a new or established home valued below $600,000 will be exempt from stamp duty. For buyers of property over this price, concessional stamp duty applies.
FEDERAL SUPPORT TO HOME BUYERS
First Home Loan Deposit Scheme : Under this Scheme, eligible first home buyers can purchase a home of their own with a deposit as little as 5% (lenders criteria also apply).
First Home Super Saver Scheme : This scheme allows you to save money for your first home inside your super fund. If you can top up your super with up to an additional $15,000 you then use this money to be part of your deposit for your home.
Reach out TODAY and we can work with you on how to accelerate your first home buying journey.
One challenge people are having with the first home buyer grants and schemes, that you won’t hear about in the media, is that it can’t be used to form your deposit.
This is a big problem, as the key challenge to entry in to the market for First Home Buyers is saving enough deposit!
Well, we have you covered! Purchase Homes have recently released an industry leading 3% Deposit Finance package for First Home Buyers to get you started sooner. This unique package works in conjunction with the State and Federal Government Grants. You could very well be eligible! Best of all our finance partners work FAST!
Not only are we helping to fast track you in to home ownership, but we are even willing to pay your mortgage for you! Yep, 3 months of your mortgage could save you around $6,000.
Why would we pay your mortgage for you ? Simply because we know the best way to your financial freedom is to start with your first home. Property builds equity and a path with security.
We’re seeing first home buyers struggle in these unprecedented times that has impacted jobs, salaries, superannuation and savings.
On the other hand though, money is the most affordable it’s ever been, we’re getting back to work and government first home buyer grants and schemes are making a big difference.
We all know that owning is considerably better than renting. Savings and cash are not king anymore. Let’s start talking about getting you into your first home.