First Home Owners Loan, Perth, WA
First Time Home Buyers Grant Perth
Purchasing your first home can be both exciting and daunting all at the same time. Therefore, to ensure you’re making the right decisions it pays to seek out professional advice from our experts, while if this is your first home you could also be eligible for a government grant.
We can provide you with the much needed support and advice you will need when applying your first home loan, and will process the application and complete all of the necessary documents. The first home owner grant scheme was introduced on 1st July 2000 to offset the amount of tax you pay for home ownership. Under this scheme, all first time home buyers who satisfies all of the criteria will be eligible for the one-off grant.
Who is Eligible?
The following points are required for the applicant to be eligible for the grant:
- Hold Australian citizenship or be a permanent resident
- Must not have previously owned any property in Australia
- Either buying or building your first home
- Over 18 years of age
- Not exceed the grant cap limit of $750,000
How much is the First Time Home Buyers Grant in Perth?
A first time home buyers grant in Perth of $10,000 is available for eligible individuals buying or building a new home. As of 2017, an additional boost of $5000 can be awarded if the construction or purchase of a new home is made before 31st December 2017. The amount and how much you receive depends on various factors and if you satisfy all the prerequisites.
Have a Chat with Opal Finance
At Opal Finance we enjoy nothing more than helping individuals get on the property ladder. With our honest, diligent and accurate advice and guidance we can make the process of buying your first home smooth and easy. Please contact us today for an informal chat.