Applying for a first home buyer grant is an ideal move to help anyone get into the property market, especially if income and saving for a deposit is a challenge.
The government’s first home owner grant (FHOG) is perfect for helping the people of Perth get into their first home quicker and easier, particularly when building a brand new home. The grant provides a one-off payment to encourage and assist first home buyers to buy or build their first residential property for use as their principal place of residence. In Western Australia, right now, first home buyers may be eligible to apply for the grant of up to $10,000 if building a new home and $3,000 if buying an established property. This may be removed at anytime, so act quick.
Not only that, first home buyers in Perth who choose to build can currently take advantage of completely free stamp duty on land purchases of up to $300,000. This means that the tax for a first home will be minimal and provides a very attractive incentive to get you out of the rental market and into your first new home. No Savings has been helping the people of Perth gain a better understanding of the options available to them for home buyer grants for over 7 years. So if you are looking to make the life changing move towards home ownership but feel your financial circumstances might stand in the way, then No Savings is here to help.