Up to $55K* in grants are now available for new home builds! Do you qualify?
Chaa- Ching!! Looks like 2020 is the year to finally ditch renting (or the parents) and finally make your home ownership dreams become a reality with $55K* up for grabs!
Home ownership has just become even more possible thanks to the Federal Government announcing a brand-new $25K* HomeBuilder Grant and the State Government announcing an additional $20K* Building Bonus Grant.
PLUS to make the deal even sweeter, for First Home Buyers that meet the eligibility criteria, you’ll still receive the existing $10K* First Home Owners Grant (FHOG)!
Here is the simple math:
25K (From the Fed Gov) + 20K (From the State Gov) + 10K* (First Home Buyers Grant) = 55K*
BUT, it won’t be around forever. The grants are only available for a limited time and is applicable to building contracts from June 2020 until 31st December 2020. So, we recommend finding out if you qualify ASAP!
What does this mean for you?
Glad you asked! Here’s a couple of ways you could make the most of the $55K grants:
- Put it towards your mortgage = lower home loan repayments
- Get a bigger block or build in a location that you may not have been able to afford before
- Bigger home design
The finer deets
To take advantage of the 25K from the Fed Gov there are a few requirements:
- Income is below $125,000 a year (single), or $200,000 a year (couple)
- Available on new homes valued up to $750,000 (including land)
In addition to the above requirements, you may also qualify for the grant if:
- You’re 18 years or older
- You’re an Australian citizen
Combined with record-low interest rates, low-deposit finance options available and up to $55K* in grants, there’s been no better time than now to make your dream of home ownership a reality.
Find out if you qualify by filling out the form and be on your way to ticking off owning your own home from your bucket list. Our team of professionals are able to answer any questions you have.
Make sure you also read up on the traditional First Home Owners Grant.
*The new government stimulus on residential housing is subject to terms and conditions, with eligibility criteria applying. Please contact us for further information.