First Home WA Buyers Grant
Buying your first home is one of the biggest decisions you will ever make, and one of the best parts of this process is the recently increased from $10,000 to $15,000 grant for home buyers in the Perth and Western Australia region.
The increase in the First Home Buyers Grant has just been introduced from 1st January 2017 and will be available to first home buyers over the next 12 months. The aim behind this is a clear signal that now really is one of the best times to purchase your first home and take advantage of this increase in the government grant.
Moreover using this First Home Buyers Grant with a company like SmoothStart, who is already well known to deliver great single storey home designs at very affordable prices, the additional First Home Owners Grant money can go along way, such as to furnishing the home or adding on extras to your design to make your first home absolutely perfect.
What Is A First Home Buyers Grant?
A government grant is the financial assistance awarded by the federal, state or local government. The grant acts to help those eligible with the costs incurred when building their first home and is not expected to be repaid. First Home Buyers Grant is one of the most common grants for those who, as the name indicates, are buying their first home.
True to its name the term stamp duty is the tax that is charged for your legal documents to, quite literally, be stamped. Depending on where you live and the value of your property, these charges may differ.
As part of the WA first home buyer assistance, there is an additional benefit to first home buyers who buy vacant land packages below $300,000 will pay zero stamp duty on purchases which can reduce the costs by thousands of dollars. There are also reduced stamp duty for land below $400,000 adding even more of an incentive for first home buyers in Perth and WA.
As mentioned above this additional $5,000 to the First Home Buyers Grant is only available for 2017, which means making a decision does need to be made swiftly to take advantage of the increase.
With SmoothStart we look to work on efficient time frames for new homes that are built using the $15,000 First Home Buyers Grant . To make sure that none of our customers miss out on the additional grant our aim is to begin construction as quickly as possible from when the contract is signed.
If you have further questions regarding your building your first home or the associated grant opportunities, then get in touch with the SmoothStart team today.