Loan Calculator
| How much will it cost? Do a quick check. |
Mortgage Calculator
| How much can I borrow? Do a quick check. |
| Which loan should I choose? |
Between 14 October 2008 and 30 June 2009 you may be eligible to receive $17,000 towards the purchase of an established home and $29,000 towards a newly constructed home! When you want to buy a home, the temptation is to start looking for it. However, it is much smarter to organize your finance first.
And don’t just pre-qualify for a Home Loan – get pre-approved! In most cases you have up to 12 months to access you approved funds. The First Home Owner Grant (FHOG) provides First Home Owner Boost benefits. Established homes First home buyers purchasing an established home may be eligible for the $7,000 Boost - in addition to the First Home Owner Grant ($7,000) and the First Home Bonus ($3,000) bringing the total benefits to $17,000.* *Subject to certain requirements being met. New homes First home buyers building a new home or purchasing a newly constructed home may be eligible for the $14,000 Boost – in addition to the First Home Owner Grant ($7,000), the First Home Bonus ($5,000) and the First Home Owner Regional Bonus ($3,000) bringing the total benefits to $29,000.
*Subject to certain requirements being met. Contact us to apply for the First Home buyers Grant Boost1300 85 60 65
ALL STATES and TERRITORIESWhere a newly constructed home is being purchased, it must be the first sale of that home. The home must also have never been previously occupied as a place of residence, including occupation by the builder, a tenant or other occupant. Substantially renovated homes may be considered as a new home. Where a substantially renovated home is being purchased, it must be the first sale of the home since it was substantially renovated. The home, since being substantially renovated, must also have never been previously occupied as a place of residence, including occupation by the builder, a tenant or other occupant. Substantial renovations of a building are renovations where the entire building, or substantially all of the building, has been removed or replaced. Note: Where the consideration is less than the total benefit available, the applicant will be entitled to an amount equal to the value of the consideration. Subject to certain requirements being met. $7,000(plus $7,000 government boost and $3,000 government bonus!) towards the purchase of an existing first home for eligible applicants and up to 29,000 towards a newly constructed home. The First Home Owner Grant is not means tested. You may also be eligible for a bonus if you are constructing. This means that eligible First Home Buyers may be eligible to receive 17,000 regardless of their income, the area in which they are planning to buy or build, or the value of the home. The grant is not taxed either. Who is eligible for the First Home Owner Grant? FHOG is available to people buying or building their first home and who meet the following criteria:
In the case of an owner-builder, laying of the foundations commenced on or after 1 July 2000.
Applying for the Grant All Accredited Brokers are approved agents and can apply for the grant on your behalf. |
