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First Home Owners Grants

First Home Owners Grants

Finding the deposit for your fist home is challenging. You may be eligible for the First Home Owner Grant, a range of exemptions or concessions. We are here to help find all the grants that you will be entitled to.

One of the measures announced in the Government’s 2021-22 Budget and legislated in February 2022, if you are eligible, you may be able to release up to $50,000 of contributions from your super towards buying a home.

​We have developed an easy to read guide to help you better understand the differences and distinguish what you might be eligible for. (Note: This guide does not include the current 2022 legislative change announcements regarding the use of Super).

STAMP DUTY CONCESSIONS ON NEW HOMES

STAMP DUTY Concessions on new homes

….within the City of Melbourne.

There is a temporary Stamp duty concession and exemption for the purchases of residential property, with a value of up to $1 million, located within the City of Melbourne local government area:​

Photo by Simona Sergi on Unsplash

Buyer beware – Cooling off periods

Buyer beware – Cooling off periods

Before buying, as a minimum, the following should be thoroughly checked. This includes:
1. Measuring the position of and the size of the land,
2. Checking the building for structure and for pests,
3. Checking your own finances – finance to purchase and finance to renovate,
4. Having the legal documents read to you.

You may want to also check other things such as……

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