Vacation Homes Help

First Home Owner Grants – First Home Owner Boosts

First Home Owner Grants were introduced on July 1st 2000, the same day the new Goods and Service Tax also took affect. First Home Owner Grants were seen as a way to counteract the impact of the GST. For those who are eligible, and meet the criteria set, a 00 grant is available, to help individuals buy their very first, permanent, residence. First Home Owner Grants are funded by the revenue offices of the Australian Central Territories, but they’re administered by each individual state’s office. Basic requirements remain true throughout those states, although each office can have particular, additional criteria, which must also be met. First Home Owner Grants are an ongoing scheme, with no current plans to withdraw them. In Fact, an additional grant has recently been introduced and funded by the Australian Government, by way of the First Home Owner Boost Scheme. It is applicable to any home purchase contracts signed for on, and after October 14th 2008, and before of on June 30th2009.

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What Is a First Home Owners Grant?

Buying your first home can be a time of excitement but also one that can be quite worrying as there is a lot of expense that is involved. Many first-time buyers find it difficult to get on the property ladder, but first-time buyers in Australia are now able to take advantage of the first home owners grant which was introduced on 1 July 2000. The first home owners grant can be up to ,000 if you are a first time buyer who wants to buy a house has already been built or up to ,000 if you are building your own home or buying a new build home. However these rates do vary that is a good idea to check with your local state revenue office to see what the latest rates are.

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