Could You Get the First Home Owner Grant?

If you’re a first home buyer trying to take your first step on the property ladder, a little bit of assistance could make all the difference.

Imagine how useful a few extra thousand dollars up your sleeve could be!

The First Home Owner Grant may give you just that extra bit of help to get you over the finish line.

It is a federal initiative designed to ease the burden on those buying their first home and boost the number of Australians becoming home owners.

The value of the grant varies from state to state, but in some cases you could receive up to $15,000 for buying or building a new home (Queensland Great Start Grant).

In each case, there are requirements you must fulfil in order to be eligible for the grant.

The property you are buying must be intended as a principal place of residence, you must be an Australian citizen and you must apply for the grant within 12 months of settlement or building completion, amongst others.

A mortgage broker can help you make sure you qualify for the grant, assist with your application and ensure it is paid on settlement.

To get more detailed information on your situation, talk to a Loan Market mortgage broker today.