FIRST HOME BUYERS GRANT WA
Buying your first home is one of the biggest decisions you will ever make, and one of the best parts of this process is the $10,000 grant for first home buyers in Perth and the Western Australia region.
While the temporary $5,000 boost recently ended on 30th June 2017, the FHOG is still a great incentive to help first home buyers get into their new homes sooner. Now truly is one of the best times to build and this $10,000 government grant is just another reason why you should purchase your new home.
Moreover using this First Home Buyers Grant with a company like SmoothStart, who is already well known to deliver great single storey home designs at very affordable prices, the First Home Owners Grant money can go along way, such as to furnishing the home or adding on extras to your design to make your first home absolutely perfect.
What Is A First Home Buyers Grant?
A government grant is the financial assistance awarded by the federal, state or local government. The grant acts to help those eligible with the costs incurred when building their first home and is not expected to be repaid. The First Home Buyers Grant is one of the most common grants for those who, as the name indicates, are buying their first home.
True to its name the term stamp duty is the tax that is charged for your legal documents to, quite literally, be stamped. Depending on where you live and the value of your property, these charges may differ.
As part of the WA first home buyer assistance, there is an additional benefit to first home buyers who buy vacant land packages below $300,000, who pay zero stamp duty on purchases which can reduce the costs by thousands of dollars. There are also reduced stamp duty for land below $400,000 adding even more of an incentive for first home buyers in Perth and WA.