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Investn.com.au helping First time Home Buyers with Govt. Scheme

with the help of government scheme and Grants given to the first-time real estate buyers, so anyone can start their property journey with small deposit.

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Investn.com.au helping First time Home Buyers with Govt. Scheme

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  1. Investn.com.au helping First time Home Buyers with Govt. Schemes

  2. Buying a home or real estate can be a challenging task for first time buyers. A lot of research work and financial data interpretation is required for the one who just got into the market of real estate. Well with all the competition and inflation first time home buyer can face some problems but not now with the help of government scheme and Grants given to the first-time real estate buyers, so anyone can start their property journey with small deposit.

  3. Here's the list of some grants which can help the low deposit first home buyer: 1. Grant for the first homeowner in New South Wales - First home buyers in New South Wales deals with some of the most expensive property prices in all of Australia. Well, the state government has taken few steps to help low deposit first home buyers like the New South Wales home buyer gets the grant of a maximum of 10000 dollars if their new home is of 60000 or less.

  4. As of August 2020, a concession is given on stamp duty for properties under 1,000,000 dollars and those who are buying property under 800,000 dollars do not need to pay stamp duty. 2. Scheme for a first home buyer in Victoria - Well while other state’s government have kept only one or two kinds of grant in their respective states the Victoria state government has chosen a variable grant system. Like if a grant for a first-time real estate investor buys a property in the metropolitan area the buyer will get a 10000-dollar grant while if the same kind of property is purchase in the regional Victoria the grant will be given of 20000 dollars.

  5. Also, there are more concession if the person is a young farmer, the home is on principal place of residence, or off the plan buyer buying the property between the range of 600,001 to 750,000 dollars. More people come under the extra concession category better to consult an expert about the first home buyer's low deposit scheme. 3. Grant for the first homeowner in Tasmania- The first home buyer grant in Tasmania of 20000 dollars is now extended till 30 June 2022. The first-time buyer or builder eligible for this scheme must ensure the construction be completed with 24 months.

  6. 4. Grant for a first home buyer in South Australia- In South Australia, the first-time home buyer gets a grant of 15000 dollars on the construction of a new real estate or purchase of brand-new property that is not preoccupied. The real estate has to up to 575,000 dollars after construction to get this grant.

  7. 5. Grant on stamp duty in Australian Capital Territory- Paying stamp duty is a serious problem especially for low deposit first home buyer but under the home buyer concession scheme, the concession on stamp duties is being provided in the Australian Capital Territory. The eligibility for this scheme is that the first home buyer and their spouse that they have not owned any property in last two year and their gross domestic income has to be 176,650 dollars.

  8. The above blog has discussed only a few schemes and grants just to show that there is a lot of opportunity in various cities for first-time real estate investor. To start with real estate purchasing one must be aware of these local state-wise schemes so that they can save a lot of money while unleashing their home dreams. For More Information you can take free Consultation with Investn Property Group.

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