The first home buyers grant in Perth is an incredible benefit for home buyers who want to purchase their own home. However, do you know why the grant was started, or what exactly it can do for home buyers? Lastly, learn how to apply for the first home buyers grant in Perth so you don't miss out on this money towards the purchase of your new home.
What Is The First Home Buyers Grant In Perth?
The program was introduced on July 1, 2000, to encourage first time buyers to purchase a home. It's a one-time payment that can reduce the price of the home for buyers.
Requirements For The First Home Buyers Grant In Perth
There are a few different requirements that must be met when you apply for the first home buyers grant in Perth. First and foremost, buyers must not have owned property in the past. Additionally, the property cannot be priced more than $750,000, or $1,000,000 if it's located north of the 26th parallel. This price includes both the land and the property.
The type of home purchased also affects the first home buyers grant in Perth. Existing homes qualify for $3000 in grant money, while new builds can qualify for $10,000.
How To Apply For The First Home Buyers Grant In Perth?
It's important that you understand how to apply for the first home buyers grant in Perth.
Many buyers turn to their mortgage company for help, so it's important to ask if your financial consultant can help you apply. There is quite a bit of paperwork that needs to be completed and deadlines that need to be met, so it's vital that everything is filled out correctly and on time.
If you're interested in learning more about the first home buyers grant in Perth, let Easystart Homes help you every step of the way. We have a number of house and land packages that can qualify for the first home buyers grant in Perth. Contact us today online or by calling 08 9333 0833 for assistance.