Tax time. It’s like a mid-year Christmas for many Australians, with gifts coming in the form of a tax return from the Australian Tax Office (ATO). As the first home buyer experts, know how exciting it can be to get a boost to your bank account but we also know how easy it can be to blow it! So what better way to take advantage of your tax return than building your first home, without sacrificing all the things you love.
1. Got $2000?
That’s all you need to get started. That’s right, you can use your tax return as a deposit for your dream home! Our team are experts in helping first home buyers get into their own home. With access to land from Two Rocks to Mandurah and anywhere in between, we can create your perfect house and land package that suits your lifestyle and fits your budget.
If it’s the finance side that scares you, it shouldn’t. Our in-house finance experts at The Loan Company will detail your options for you so that you can get started on your home ownership journey with just $2,000 a lot quicker!
2. Think you can’t afford it?
Think again! If you’re a first home buyer, you may be eligible to receive a whopping $10,000 from the State Gov, known as the First Home Owners Grant (FHOG), which can be used towards your new home!
There are a range of finance options available to First Home Buyers which may let you hang on to most of your savings and still get your own home! Not sure where to start? No problem, we will handle it. As the first home buyer experts, our team work closely with our in-house finance team to find you the best finance solution that’s tailored to you and can let you know if you qualify.
For a limited time, you’ll receive an extra $45K in grants towards your first home! Thanks to the Federal Gov HomeBuilder grant ($20K) and the State Gov Building Bonus ($25K), now’s your perfect chance to get out of renting and into a home of your own. Did we mention that’s on top of the $10K First Home Owners Grant? That’s right, that means you could possibly get up to $55K in grants! #winning
3. Need assistance? We got you!
Okay, so maybe you didn’t get as much tax back as you hoped, don’t worry, we can still help. WA offers low deposit options like Keystart Home Loans which may still assist you into your first home! If eligible, there are a bunch of perks that come with Keystart like only requiring a deposit as low as just 2%! (Yep, you read that right!) So, don’t stress if you were disappointed this tax time, click here to see if you qualify for Keystart!
4. Not ready just yet? No problem.
Dedicating a separate bank account for your tax return each year is a trending choice for first home buyers. Think about it, a bank account building itself with each tax return so when you are ready for home ownership you should have a deposit and some more ready and waiting!
There is no better time to consider setting up your future than tax return time! There are so many options available to help leverage your tax return without sacrificing holidays and lifestyle. So, will you be joining more and more West Aussies this year and turning your tax return into a home deposit?
Want to know if you qualify to get into a home of your own? Click here to find out now by taking our super quick and easy quiz and be on your way to owning your own home!