Reasons To Make The Leap To Homeownership

At first when you are considering buying a property, it can seem really far out of reach.

One thing to keep in mind is that paying rent and making contributions to a mortgage are not too dissimilar.

Making the leap from renting to homeownership may not be as farfetched as you first think.

In fact, there are plenty of advantages and concessions available for first-time buyers to make the transition to owning a home smoother.

The first home buyers grant is one government incentive to get residents to make the move onto the property ladder.

To be eligible for the grant you have to meet certain criteria, but it is worth investigating further because it could be the last piece of the puzzle which could get you into your own house.

One of the criteria states that you must be either an Australian citizen or a permanent resident to be eligible for the grant.

Another consideration is stamp duty concessions and how these may reduce the costs of buying a home.

One thought is noting that stamp taxes tend to vary from state to state.

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