Learn how to get the governments to work in your financial favour:
You can remove full State stamp duties straight off your first brand new home or even an existing home providing you can meet the following criteria:
NSW Stamp duty is 4% so if your new or existing home purchase price is $650,000 that’s a saving of $26,000 in grant money form the NSW government.
“You can remove full State stamp duties straight off your first brand new home or even an existing home “
For First home buyers of New Homes and additional grant of $10,000 is available on top of the 1st Home Buyers Assistance scheme. Criteria for eligibility:
This is a new Federal Govt COVID-19 initiative The good news is you don’t have to be affected by COVID access the benefit. By signing a contract to build or renovate your home between the June 4th & Dec 31st you can access $25,000 on the proviso construction starts within 3 months of your contract date.
For low to middle income earners the national Housing Finance and Investment Corporation has secured a guarantee if aspiring home owners have a deposit of less than 5%
So there you have it folks, the generous NSW First Home Buyers Assistance Scheme including the Federal Government Home Builders Scheme and ATO Super Scheme make this the greatest time financially for home buyers in Australian history.
So if you’ve been sitting on the fence now is the time to start bolting for that finish line of home ownership! Download the government fact sheets/application forms by following the links provided and get cracking! There’s no better time to start than now!
And don’t forget to make your money go even further by making your next house a Grouse House!
Download the PDF’s