ARCHIVE First home buyers could gain over $70K in Government assistance.
- 09
- Sep
- 2020
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.