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hi, I was wondering if anyone can point me in the right direction on buying for the first time over here?? We've been in Melbourne for 3 years now and decided to we're best to buy rather than pay someone else mortgage. So how does the First Home Owner Grant work? Can you use that as part of a deposit or is it after you get the keys? And what about the bonus? is that just for a new build??? And does anyone have advice on what kind of mortgage etc to go on? We'd obviously like to have a mortgage that is 95-100% so we can save as much quickly thanks in advance for any advice :biggrin:
Guest posted a topic in Western AustraliaHi, I am a 457 Visa Holder and live & work in perth since Jan 2009. I am due to apply my PR by Nov-2010. I have recently purchased my first home in perth and settlement is due by end of July 2010. Do i receive FHOG? Do i have to pay stamp duty.? House cost is below $450k. Any help would be apprciated. Thanks, Hari
A bit of good news for those buying an established homes but you must get in before Jun 09 The offer, effective immediately, triples the $7000 grant now payable under the existing first-home owners grant if new entrants to the market sign a contract on a newly built home before June 30 next year. It doubles the grant to $14,000 for contracts signed on established homes 09. Cheers Paul