So you’ve decided to take the plunge and buy your very first home? Good on you!
Buying your first home is a big decision and one of the largest investments many of us will make during our lifetime. It can be both an exciting and overwhelming experience – where to buy, whether to invest in an established home or buy brand new, the legalities and of course the finances.
We can tell you first hand that there are many perks to investing in a brand new home, of course it will be brand spanking new and look and feel amazing. But one of the other major perks is that you will have access to the First Home Owner Grants (New Homes) Scheme in NSW and the ACT.
One of the great things about buying a home from Achieve Homes is that your home ticks one of the eligibility criteria boxes, i.e. it’s brand new, so you are eligible for the First Home Owners Grant of $15,000 in NSW, and $12,500 in the ACT.
To ensure you are in the running to receive funds to help you buy your first dream home, here are a few things to consider:
In the ACT:
- The home you are buying has not previously been lived in.
- The home has not previously been sold as a place of residence.
- The home is brand new.
- You are over 18 years old.
- You or your spouse have never held a relevant interest in any residential property in Australia prior to 1 July 2000.
For the full list of eligibility criteria, more information or to apply for The First Home Owner Grants (New Homes) Scheme in NSW, visit the Office of State Revenue.
If you’re interested in buying a new home in one our ACT developments, visit the ACT Revenue Office for complete information on the First Home Owners Grant ACT.
When deciding to move out of the rental property market and into the new home owners’ realm, be sure to speak with your professional home consultants and other people you trust – your friends, family and your mortgage broker, to make sure you’re fully informed before making any contractual or financial decisions you’re not familiar with.