Buying your first home is an exciting milestone, and fortunately there are several government incentives available that may help reduce the upfront costs of purchasing property.
Depending on your circumstances and the state you purchase in, you may be eligible for:
• First Home Owner Grants (FHOG)
• Stamp duty concessions or exemptions
• First Home Guarantee schemes
• Shared equity programs
• Regional buyer incentives
Many first home buyers are surprised to learn they may be able to purchase with a smaller deposit than expected, particularly when combined with government support programs.
The key is understanding which incentives apply to you, income and property price limits, whether the property must be new or established, and minimum deposit requirements.
At Financing AU, we help first home buyers navigate the entire process, from understanding grants through to securing the right finance solution.