First Home Owners Grant
Written by Author on February 25th, 2009Wherever you look at the moment in Australia, despite the world financial meltdown, if you have a steady job and some savings, it has never been a better time to look at buying a new home. Why? Well, with interest rates falling as fast as the stock markets around the world and home prices coming off from their highs, plus the added incentive of a $21,000 First Home Owners Grant for people buying a new home, it is a bit of a bonanza.
When the first home owners grant was first introduced it was only worth $7,000, then it went to $14,000 and in fact, it is still $14,000 for those who buy an established home. But now that the economies around the world are in a downward spiral, the Australian Government have decided to throw a lot of money to first home buyers to try to kick start the housing industry here in Australia.
So, how can one go about applying for the First home Owners Grant? Well, the first thing you need to do, is to find a mortgage broker who can get you the right mortgage loan at the best interest rate. Once you have done that it is as easy as applting to the Federal Government for the grant. Tangible Assets Mortgage Services is a very reputable company in Australia who have one of the best reputations for finding the right type of mortgage loan for you.
The one thing people need to do is act quickly as the Federal Government are only offering this $21,000 grant until the 30th June, which is the end of the financial year in Australia. So, be quick and don’t delay in doing your homework on this fantastic opportunity to get a whopping $21,000 in your pocket. Of course, the other thing is that all building companies are offering great deals as well and I’ve heard of savings of up to $30,000 with them, thus giving you a potential saving of over $50,000 on a new home.
The First Home Owners Grant is a great opportunity, but do your homework. Remember, a steady job and savings come first – then if all of that is in place – go for it!