Dear First Home Buyers, your 2020 is about to get a whole lot better! If you are a First Home Buyer in NSW it has never been a better time to build your first home than it is right now! Last week the Government introduced the Home Builder Grant as an economic response to the coronavirus. The Home Builder grant provides eligible owner-occupiers (including First Home Buyers) with a grant of $25,000 to build a new home, where the contract is signed between now and the 31st December. The best part is that the Home Builder will complement existing State and Territory First Home Owners Grants. So all eligible NSW First Home Buyers will also receive the $10,000 First Home Owners Grant and waived stamp duty.
To be eligible you must be an Australian Citizen over 18 years old. For an individual applicant you must not have an annual income greater than $125,000. And for couples a combined income of no more than $200,000.
Building must commence within 3 months of the building contract being signed and the purchaser must be the occupier of the home. Applying for the grants is easy, as your finance lender will complete and submit the application for you! So why not take advantage of this amazing opportunity! If you need help getting started we are here to help! We can arrange an appointment for you with a local finance lender to get your finances in order and get pre-approval. You could be closer to your dream home than you think. Have pre-approval? Contact us today for a free no-obligation preliminary estimate on your dream home and find our why we are considered Waggas Best Builder. Call 0418 692 962 today!
For more information on the Home Builder Stimulus and eligibility visit treasury.gov.au