First Home Buyer
- Home
- First Home Buyer
First Home Buyer
- Home
- First Home Buyer
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Talk to Insurance Time experts and ask questions before you finalize your plans or if you need help with our services.
Contact Info
Phone Number
0431 170 021
Email Address
info@fgsfinance.com.au
Address
15 Abbeywood Street Taigum QLD 4018
If you’re looking for first home buyer finance in Australia, there are various government programs to help you get started in the property market. Here are some important points and resources for first home buyers in Australia:
- First Home Owner Grant (FHOG): The FHOG is a national program that offers a one-time grant to qualifying first home buyers to assist them in buying or building their first home. The grant amount and eligibility rules differ by state and territory.
- First Home Loan Deposit Scheme (FHLDS): The FHLDS helps first home buyers purchase a home with a deposit as low as 5% without needing lenders mortgage insurance (LMI). There are a limited number of spots available each year, and there are eligibility requirements.
- HomeBuilder Grant: The HomeBuilder grant is a government program that helps people build a new home or renovate an existing one. It is available to eligible owner-occupiers, including first home buyers. There are rules and deadlines to follow.
- Stamp Duty Concessions: Some states and territories provide stamp duty discounts or exemptions for first home buyers. This can lead to significant savings on initial costs when buying a property.
- First Home Super Saver Scheme (FHSSS): The FHSSS helps eligible people save for their first home in their superannuation fund. Contributions are taxed at a lower rate, and individuals can take out their savings and earnings to use towards buying their first home.
- State and Territory Grants and Programs: Besides the FHOG and stamp duty discounts, many states and territories provide extra grants, incentives, and programs to help first home buyers. These can include help with saving for a deposit, homeownership education, and affordable housing options.
- Financial Help and Guidance: Many programs and services exist to assist first-time home buyers in the home buying journey. This includes financial counseling, mortgage brokers, and online tools from government and nonprofit groups.
First home buyers should learn about the eligibility, application steps, and requirements for various programs. Getting advice from financial experts and reliable sources can help them make smart choices and reach their goal of homeownership.
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