First Home Buyers Grant Is A Great Opportunity
If you and your spouse have been thinking about becoming homeowners, you are
in luck: There's never been a better time to buy a home in Queensland or in
Australia as a whole. That's largely because of the exciting First Home Buyers
Grant that is being extended to first-time home buyers, offering up to $7,000
towards the purchase of a new home. If this sounds like music to your ears, read
on to learn more.
Do You Qualify?
Since you don't want to put the cart before the horse, it is smart to figure
out whether or not you and your spouse are eligible for the grant before getting
too excited. In other words, you shouldn't hire a
conveyancing Brisbane firm just
yet.
Firstly, you must be:
- at least 18 years old
- a citizen of Australia, or a permanent resident; otherwise, you must
submit your application with somebody who is a citizen or permanent resident
- not acting as a trustee or acting as a company
- building or buying a home that costs less than $1M
Furthermore, you and your spouse must:
- never have owned property in Australia prior to 1 July 2000
- not have lived in residential property in Australia that you have owned,
since 1 July 2000
- never have received the First Home Buyers Grant in the past
Finally, in order to qualify for the grant, you and your spouse have to:
- reside in the home at least six months out of the year; it must be your
primay residence
- move into the home that you buy within one year of purchasing it
Benefits And How To Apply
The First Home Buyers Grant is an exciting opportunity. Whether you are
buying an existing home or are building a new one, you can receive up to $7,000.
This can save a considerable amount of money off of the amount that you have to
finance, allowing you to enjoy a lower monthly payment. To apply, you must
submit your application to an approved lending institution or bank, or through
the Office of State Revenue.
There's no question that the First Home Buyers Grant is a great opportunity
for those who are just starting out. With the money that you save, you will be
able to make improvements to your home, invest a bit of money or do any number
of great things. Remember that you will still need to contact and hire on a
qualified conveyancing QLD firm
to help you through the process. Still, with the cash that you save from the
grant, paying for a conveyancing firm will be that much easier. Don't miss out
on this top opportunity; make sure you apply before it is too late!