Making Your Australian Home
Ownership Dreams Come True!

home for blog post taken by kenny-eliason-unsplash

If you’ve been thinking about buying your first home in Australia, we have some great news that might just make your dream come true sooner than you think!

The First Home Buyer Assistance Scheme

The First Home Buyer Assistance Scheme is here and it’s about to change the game for all aspiring homeowners. This scheme has been designed to help first-time home buyers like you get a foot in the property market door.

Starting from 1st July 2023, the scheme is expanding and it’s bringing a host of benefits that will make your home buying journey not just possible, but also a lot more affordable.

No Transfer Duty on Homes Up to $800,000

Yes, you read that right! Under the updated scheme, if you buy a new or existing home valued up to $800,000, you won’t have to pay any transfer duty. That’s a huge savings chunk that you can put towards your furniture, decor, or that fancy coffee machine you’ve been eyeing!

Concessional Rates for Homes Up to $1,000,000

What if your dream home is a little pricier? Don’t worry, the scheme’s got you covered! If you buy a home valued between $800,000 and $1,000,000, you’ll benefit from a concessional transfer duty rate. Every dollar counts when you’re making your dream a reality!

Extended Residence Requirement

The residence requirement for the First Home Buyers Assistance Scheme is also changing. Starting from 1st July 2023, it will increase to 12 months. This means you have more time to settle into your dream home and start making it your own!

Wrapping Up

Australia’s new First Home Buyer Assistance Scheme is a game-changer. It’s making the dream of home ownership more accessible and affordable. Your dream home is waiting, and it’s closer than you think!

Got questions? Need some guidance? We're here for you! Don't hesitate to reach out and let's make your dream home a reality, together.

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Reference:

Revenue.nsw.gov.au

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