Everything you need to know - from the first home buyer specialists
It’s natural to be a little nervous when you’re buying your first home. There’s no denying it’s a big commitment, but it doesn’t have to be daunting. In fact, at Homebuyers Centre, we believe it should be exactly the opposite. It’s something you do only once, something you’ve looked forward to for many years, and something that will be your financial foundation for the rest of your life. So we think it should be fun, exciting and rewarding.
We make finance easy. We’ve helped more than 30,000 Australians into their first homes and we’ve been doing it for over 20 years. Not only do we have the perfect range of homes for first home buyers, but we also know the process, inside-out, and we can guide you through it, so there are no hiccups along the way. That guidance starts now...
First Home Owners Grant
The First Home Owners Grant (FHOG) is a government initiative to help first homebuyers into the property market. It’s a genuine, one off grant that never has to be repaid.
A First Home Owner Grant of $10,000 may be available for first homebuyers who are building or purchasing a new home in Victoria, to the value of $750,000. This includes off-the-plan homes, or newly built homes that have not been previously occupied.
Stamp duty concessions are available for first home buyers in Victoria – the reduced amount will depend on the purchase price and applies to homes up to $600,000 in value.
However there are a number of criteria that you must meet to be eligible.
You may qualify for the First Home Owners Grant if you:
✓ Are 18 years or over.
✓ Are an Australian citizen or permanent resident.
✓ Are intending to live in the home for a continuous period of at least six months within 12 months of settlement.
✓ Have never owned a residential property in any state or territory in Australia.
✓ Have never received a First Home Buyers Grant from any State or Territory of Australia.
Stamp Duty Concessions
As a first home owner, you may also be eligible for other concessions such as stamp duty. Your Resolve Finance broker will help you establish whether you’re entitled to the First Home Owners Grant and other concessions, and can even help you in the application process.
We understand it’s hard to save the deposit for your first home loan. That’s why we’ve partnered with Resolve Finance to offer a range of exclusive home loans that are specifically tailored for first home buyers, including low-deposit home loans and guarantor home loans.
Lender Terms and conditions apply including FHOG eligibility. All finance services provided by Resolve Finance Australian Credit License 385487.