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First Home Buyers Grant has been extended


Guest David Mottram

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Guest David Mottram

As you may have seen on the news, the First Home Owners Grant has been extended to the end of Septemeber:

 

Remember, to qualiy, you need to be on a Perm Visa on day of putting in an offer on a property and never owned property in AU.

In WA:

Until 30th September 2009

Established Property = $14,000

New Build = $21,000

 

From 1st October - 31st December 2009

Established Property = $10,500

New Build = $14,000

 

I have found that the info given out by the government has confused my clients.

 

Thankserr.gif

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Guest cartertucker

Thankyou for this usefull post, can I just ask, if we are moving say after March 2010 & probably not buying a property until summer 2010....

Will we be entitled to any of these benefits on a 176 SS visa? :unsure:

Many thanks....

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Guest David Mottram

Hi.

 

The 176 Visa is classed as perm visa, so should quallify.

 

The expectation is that the Grant will revert back to $7,000 from 1st Jan 2010.

 

But as a first home owner you would save from paying Stamp Duty Tax also, which saves you approx $10-20k.

 

and with AU Interest rates at a 40 year low its a good time to buy (in the right area.

 

I hope this helps.

 

David

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  • 2 weeks later...
Guest Bobcat
As you may have seen on the news, the First Home Owners Grant has been extended to the end of Septemeber:

 

Remember, to qualiy, you need to be on a Perm Visa on day of putting in an offer on a property and never owned property in AU.

In WA:

Until 30th September 2009

Established Property = $14,000

New Build = $21,000

 

From 1st October - 31st December 2009

Established Property = $10,500

New Build = $14,000

 

I have found that the info given out by the government has confused my clients.

 

Thankserr.gif

 

Thanks for that info. It clears up a few pointers as some of my clients too are getting confused.

 

Sorry about golf today, or lack thereof. We did a supervised burn-off on our block as we have piles and piles of fallen trees and other debris. I wanted to get it finished and couldn't leave it unattended.

 

We can have a hit next week at Carramar if you are free..........weather permitting that is........ the forecast doesn't look too bright?

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