The NSW State Government set up the First Home Owners Grant to help first home buyers like yourself realise the Aussie dream of owning a home. Want the government to show you the money? Read on to find out how …
How Much is the First Home Owners Grant?
$7,000! Even better, your income or where you are planning to buy or build won’t affect your payment as long as the value of the property doesn’t exceed $835,000.
Are You Eligible?
To be eligible for the First Home Owners Grant you must pass the government’s eligibility criteria. In a nutshell, the government wants to make sure that you, and all applicants really are buying or building a home for the very first time and at least one of you will live in the home as your primary residence for at least 6 months within the first 12 months of settlement or construction.
Obviously there is a little more detail involved so make sure you check out the First Home Owners Grant Eligibility Criteria.
First Home Owners Grant Application Process
How To Apply
To apply for the grant simply download the application form, fill out all the details and sign it. Once that’s done, just hand it to us and we’ll lodge it for you.
When Will I Receive The Money?
The money will be transferred into the account you specified on the application form on settlement for an existing home. When building a home, payment may be made on the first progress payment to the builder as long as the first progress payment is not less than the grant.
If you’re an owner builder, the grant will be transferred into the account of the approved agent (us) upon completion on your behalf.
Can I Add The Grant To My Deposit?
You sure can. In fact, you can use the money for anything you want (as long it’s legal of course).
Will Illawarra Home Loans Help Me Through The Process?
Yes. We will be here to support you from your first questions right through the entire life of your loan and beyond. If you have any questions about the First Home Owners Grant or you need help filling out the application form call us on 02 4226 5555. We’re here to help!
Want More Information?
For all the details, legalities and application form visit http://www.firsthome.gov.au/.
