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First home buyers could gain over $70K in Government assistance.

All levels of Government are pulling out the stops to boost the housing market and particularly lend a hand to first home buyers.

There’s now a wide range of Government grants and stamp duty concessions that are available to first home buyers – potentially saving you thousands of dollars.

The table below summarises the grants and concessions for which you may qualify.

State New Home
Builder Grant
First-Home
Buyers Grant
Regional new
home build
Bonus Max Stamp Duty
Concession
Total
NSW $25,000 $10,000     $24, 740 <$59, 740
VIC $25,000 $10,000 $20,000   $31, 070  <$86, 070
QLD $25,000 $15,000     $7,175 <$47, 175
WA $25,000 $10,000   $20,000  $13, 015 <$68, 015
ACT $25,000         <$25, 000
TAS $25,000 $20,000     $6, 999 <$51, 999
SA $25,000 $15,000      $15, 500 <$55, 500
NT $25,000 $10,000   $20,000  $18, 601 < $73, 601

On top of Government assistance, banks are offering some sharp deals to first home buyers. One Bank is effectively waiving up to $10K in mortgage insurance, and many are offering interest rates as low as 2.19%.

Recent research shows 51% of potential first home buyers intend to buy within the year – little wonder with such compelling offers on the table.

Obviously every client is different and so it is Vital to gain a full understanding of your unique situation as well as your goals, hopes and dreams. 

For more information on how you can get on to the property ladder with a Home Loan specifically Tailored to you, please contact me on 0413 619 824, or via email.

Steve Daley – CEO, Healthcare Finance Pty Ltd ​

*General information only. We encourage each client to seek their own advice before committing to any scenario. All information is correct at time of collection. 

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