First Home Buyers
Arguably there has never been a better time to be a first home buyer. The First Home Owner Grant (FHOG) is a Government scheme that subsidises the purchase or construction of new homes.
Government Grants and Schemes
Like many other subsidies, specifics of the FHOG may vary depending on the state or territory. For instance, in Victoria the FHOG is worth $10,000 when you buy or build a new home, rising to $20,000 for new homes valued up to $750,000. While in the ACT the scheme provides eligible people buying their first new or substantially renovated home valued up to $750,000, up to $7,000. Each state and territory have their own nuanced version of the scheme, which are of course subject to alteration at any given time, so as always it is advisable to do your research. Links to each state and territory’s rules around the FHOG can be found at firsthome.gov.au
First Home Loan Deposit Scheme
Like many other subsidies, specifics of the FHOG may vary depending on the state or territory. For instance, in Victoria the FHOG is worth $10,000 when you buy or build a new h
Additional State-based Grants
Like many other subsidies, specifics of the FHOG may vary depending on the state or territory. For instance, in Victoria the FHOG is worth $10,000 when you buy or build a new home.
Buying a home can be a real rollercoaster in terms of emotions for first home buyers, but, if you are able to help them out, help manage the stress and complication of the process and assist them achieve their goals of home ownership, you can have a client for life.
