We understand that buying your first home is a big step. To make it stress free we've put together some ideas to help you. Our consultants will also guide you through the process.
The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation.
Under the scheme, a one-off grant is payable to first home owners that satisfy all the eligibility criteria.
If you qualify for the FHOG, this money can be used towards your purchase costs. Detailed information about the FHOG for each state and territory is available from www.firsthome.gov.au
We will apply for FHOG on your behalf if you include the FHOG application with your loan application.
Stamp duty is payable on your mortgage loan and property purchase. Rates will vary from state to state and most states offer concessions for first home buyers. Stamp duty calculator
Detailed information about the duty concessions for each state and territory is available from www.firsthome.gov.au
For more information on how Homeloans can help with your first home loan and the FHOG please contact us on 13 38 39.