First Home Buyers
Since being introduced in 2000, The First Home Owners’ Grant has evolved. Introduced as an initiative to get first home buyers into their first home sooner, the grant has increased the amount to which Queenslander’s can be granted and the eligibility criteria to which you can apply.
Here's what is currently available to first home buyers in Queensland.
How much? $20,000 (not available to contracts that replace previous contacts created before 1 July 2016)
What for? Building or Buying a new home, valued up to $750,000
Queensland also offers stamp duty concessions for first time home buyers, full exemption up to $500,000 and a sliding scale from $500,000 to $549,000.
Eligibility Criteria Check - you will need to answer YES to all of the following:
- You’re at least 18 years of age
- You’re an Australia citizen or permanent resident) or you’re applying with someone who is an Australia citizen or permanent resident
- You or your spouse have not previously owned property in Australia
- You’re building or buying a new home
- The value of the home is under $750,000
With a the First Home Owners’ Grant giving you a $20,000 head start on your deposit, how much deposit do you really need? 5%, 10% or 20%?
At Coronis, we have a specialised team of mortgage brokers, who can walk you through all the options, step by step, and who can objectively answer all your questions. What’s better is that using a Coronis mortgage broker costs YOU nothing.
Click here to start a obligation free conversation with a Coronis Mortgage Broker today.
Still on the hunt for you first home? Coronis has a calibre of properties which meet the eligibility criteria and are available for you to inspect.
It’s All Here at Coronis.