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The Federal Government (through the State Governments) has a grant scheme available
to first-home buyers, of $7000 towards the purchase of their first property. This
scheme was initially set up to offset the effect of the introduction of GST.
Each state has different rules however and first-home buyers in New South Wales
and Victoria can get a further bonus from their state governments. Other states
offer various benefits such as stamp duty discounts to first-home buyers.
Find a brief summary of the requirements to qualify for the grant. Applicants
must:
- be a permanent resident or citizen of Australia.
- not already own, or have owned a property. If you are married, this includes
property held in either your name or your partner's.
- intend to live in the property and move into within one year of purchase.
- Buyers of new homes have 26 weeks after entering a contract to begin construction
and have 18 months to complete construction.
First Home Buyers Information Websites
QLD (07) 3227 8733
www.osr.qld.gov.au
NSW (02) 9685 2122
www.osr.nsw.gov.au
VIC (03) 9628 6777
www.sro.vic.gov.au
WA (08) 9262 1400
www.dtf.wa.gov.au
SA (08) 8266 3750
www.revenuesa.sa.gov.au
TAS (03) 6233 4976
www.treasury.tas.gov.au
NT (08) 8999 6683
www.nt.gov.au
ACT (02) 6207 0029
www.act.gov.au
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