Your real question is both intriguing and timely. Presently, Australia is experiencing an excellent construction boom with Queensland and Wa becoming greatest contributors towards the boom.
I’m not sure what condition or territory you’re from. But, I know that this is actually the ideal time for you personally buy property. The present property market, along with the First Home Proprietors Grant (FHOG) plan benefits and stamp duty concessions the federal government provides can help you purchase your first home easily. You may also be amazed to understand that you can find a better deal now, than what you will have obtained a couple of years back.
First Home Proprietors Grant (FHOG) Plan and Stamp Duty Concessions open to First-Time House Buyers
“Buying” or “building” the first new house ought to be a realisation you’ve always dreamt of. And these things can help you in fulfilling it:
The different “First Home Proprietors Grant (FHOG)” schemes open to you like a first-time buyer.
The plethora of “Stamp Duty” concessions or exemptions obtainable in some states and landmass territories assist in reducing the price of your brand-new property.
Comprehending the First Property Owner Grant (FHOG) Plan
The Very First Property Owner Grant (FHOG) Plan:
Is really a one-off grant, payable for you like a first-time buyer if you wish to “purchase” or “build” a brand new house to reside in and
Is really a national plan funded by each condition and landmass territory, and it is administered under their very own legislation.
Understanding Stamp Duty Concessions for First-Time Buyer
Every condition and landmass territory includes a first-time buyer concession in position for stamp duty, which differs quite significantly in between each condition and territory.