Your Home Loan Consultant, specialist in helping first home buyers.
Buying your first home is a big step towards your financial security and is a very exciting time, we understand how confusing it can be to try and navigate your own way through the process.
Your Home Loan Consultant is here to help you take that big step. As a first home buyer, you probably have a million questions running through your head – how much do I need for a deposit? Do I qualify for a first home owner grant? What will be my monthly repayments? Do I want a fixed or variable loan? Or just, do I qualify for a home loan? – The list is endless.
How a Queensland First Home Owners’ Grant can help you
The Queensland Government has also announced a one-off, boost of $5,000 to the grant, which will now be worth $20,000, starting 1st July 2016 to 30th June 2018.
From 1st July 2016 the Great Start Grant will be known as the Queensland First Home Owners’ Grant.
The Queensland First Home Owners’ Grant is a state government initiative to help first home owners to get their new first home sooner. Depending on the date of your contract, you’ll get $15,000 or $20,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). You can even buy off the plan or choose to build yourself. It’s a great opportunity to buy or build a new home in our great state……
If you’re thinking of buying or building a new home, this could be what gets you started.
It could get you something more than you were expecting.
It can get you into your first home sooner.
The $20,000 Queensland First Home Owners’ Grant is not available to contracts that replace previous contracts entered into before 1st July 2016.
To be eligible for the grant:
You must be an Australian citizen or permanent resident (or applying with someone who is).
You or your spouse must not have previously owned property in Australia.
You must be at least 18 years of age.
You must be buying or building a brand new home, valued under $750,000.
Full terms and conditions and eligibility criteria for the Great Start Grant are available from the website* qld.gov.au/greatstartgrant.
Stamp Duty Concessions
In addition to the Grant, you may also be entitled to a stamp duty concessions. Stamp duty concessions have also undergone changes over the last year with the aim of encouraging home buyers into the market. The Queensland government offer $0 stamp duty on properties worth up to $500,000. And tiered concessions on properties valued up to $549,999.