The whole process of getting a home loan may seem long drawn out and confusing. But withLoans Direct on your side, we promise a smooth transition from being a loan seeker to home owner. With Loans Direct you can expect assistance every step of the way. We like to build long term relationships with clients and we’re always willing to go the extra mile to keep you happy!
The First Home Owner Grant is a scheme that is tweaked periodically by the Government. The original First Home Owner Grant entitled the applcant to $7000 from the Government. This will no longer apply in cases where the contract has been transacted on after 1 October 2012. The $15,000 First Home Owner Grant (New Homes) scheme takes over in cases of new homes bought after 1 October 2012.
First home owners are not limited by their location or income however the value of the home cannot exceed these limits:
|1 January 2011||Onwards||$835,000|
|1 January 2010||31 December 2010||$750,000|
|1 July 2000||31 December 2009||No cap applicable|
We can help you apply for the First Home Owners Grant if we are your brokers or you can apply through whichever financial institution you deal with. You can also apply directly through the Office of State Revenue by submitting a filled in First Home Owner Grant Application form. To apply through the Office of State Revenue please remember that the house must be completely finished and your name must be on the title. Submit your application within 12 months of completion or purchase of your new home.