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.
|Bonus||Max Stamp Duty
|NSW||$25,000||$10,000||$24, 740||<$59, 740|
|VIC||$25,000||$10,000||$20,000||$31, 070||<$86, 070|
|WA||$25,000||$10,000||$20,000||$13, 015||<$68, 015|
|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.