First Home Buyers
Planning to buy a new home? We know how excited you are, at the same time we also understand how confusing and complex the process could be to find the right suitable path. In general, understanding the home loan process and real state techniques could be very much tricky as finding best prices depends on smart selection skills. So, it is very important to get it right on the start.
' We are here for you to simplify the process in the simplest way it could ever be possible '.
First home buyer in NSW gets government grant also known as First Home Owners Grant (FHOG), which helps towards buying your new home covering cost of stamp duties fees, legal fees etc.
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The requirement for FHOG:
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1. All applicants must be above 18 years old (Not a company or trust)
2. At list one of the applicants must be a permanent resident or Australian Citizen holder
3. Applicants must not have received previously any grants or own residential property in any state or territory before
1 July 2000
4. At least one applicant will continue living for at list 6 months in their home after settlement. (Exception applied to NSW Australian Defence Force applicants)
Any other concessions for NSW First home buyer?
- Yes,
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1. Currently, NSW abolished all stamp duty home ranging up to $650,000
2. Lender’s mortgage insurance waived
3. Grant offers up to $10,000 for builders new property up to $750,000