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chris2011

First time buyer incentive - how much and for how long?

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I've heard that new PR's are offered a lump sum payment as an incentive when buying their first home.

 

Is this correct? And if so how much (WA) is the incentive and how soon after you arrive do you have to buy to qualify for the payment?

 

Thanks for reading!


SS 2/5/11, 176 Visa lodged 2/5/11, CO 24/5/11, Medicals 9/6/11, Our Meds Finalised 17/6/11, Kids Meds Finalised 18/6/11 Visa Grant 20/6/11... wooooo hoooooo!!! :v_SPIN:

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I've heard that new PR's are offered a lump sum payment as an incentive when buying their first home.

 

Is this correct? And if so how much (WA) is the incentive and how soon after you arrive do you have to buy to qualify for the payment?

 

Thanks for reading!

 

Not sure if your talking about the first home buyers grant chris? wasnt just for migrants i dont think,not 100% but i think its finished now,either way someone over there will know


"The problem with neo conservative capitalism and it's insatiable greed for more wealth and disparity amongst the populace,is that it ended up being the catalyst for the great depression and modern recession"

 

Me,tonight:wubclub:

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Guest smileykylie

I thnk it is back down to $7000 - the page for WA on the First Home Owners Grant is not easy to navigate!!

 

Look here http://www.firsthome.gov.au/

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Still going then,thats good,all helps


"The problem with neo conservative capitalism and it's insatiable greed for more wealth and disparity amongst the populace,is that it ended up being the catalyst for the great depression and modern recession"

 

Me,tonight:wubclub:

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Great thanks for the replies. Now I know what it's called I can have a good google!


SS 2/5/11, 176 Visa lodged 2/5/11, CO 24/5/11, Medicals 9/6/11, Our Meds Finalised 17/6/11, Kids Meds Finalised 18/6/11 Visa Grant 20/6/11... wooooo hoooooo!!! :v_SPIN:

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Guest Home Loan Experts

I believe in WA you can get $7k as long as the property is under $750k. There are a range of qualifying criteria however the main ones are that you haven't owned a home before, one of you has PR or Aus Citizenship and you are going to live in it.

 

For more info call the WA OSR on 1300 363 211 or look at their website http://www.finance.wa.gov.au/cms/content.aspx?id=344&linkidentifier=id&itemid=344

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I believe in WA you can get $7k as long as the property is under $750k. There are a range of qualifying criteria however the main ones are that you haven't owned a home before, one of you has PR or Aus Citizenship and you are going to live in it.

 

For more info call the WA OSR on 1300 363 211 or look at their website http://www.finance.wa.gov.au/cms/content.aspx?id=344&linkidentifier=id&itemid=344

 

I owned a villa in Perth in 95, so I assume that means that I don't qualify. However, my wife has never owned property in WA. If she bought the property in her name and her name only, would she qualify for the FHOG?


Nearly there! Don't drop the ball now guys! Vaccines are weeks away. Stay safe!

 

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Guest smileykylie

I am filling in the nsw form now and it definitely asks about spouses and if they have owned before. It also asks if you have owned a property before 2000 and if you or your spouse has you are not eligible - like i said this is NSW but I imagine similar criteria as it is a federal scheme.

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Guest Home Loan Experts

You & your partner are not eligible unfortunately. You can call WA OSR just to make sure.

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The FHOG relates to the couple - is either partner (married, de-facto) has ever owned a home before - neither are now eligible for this grant. Some of the stamp duty grants are available if one of the buyers has never owned a property before but it depends on the state (there are also some salary limits as well - one state I looked at the combined income had to be under 100K for the applicants).

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