Buying your first home in Norman Park, Morningside, Coorparoo
As a home owner in Brisbane, you have the power to improve the value of your asset. You have the freedom to decorate or renovate it to give it a touch of your character, making it a more comfortable place to live as well as boosting its value.
As a home owner, your mortgage repayments might be higher than your rent, and yes, a home loan is a long term commitment. But in many ways, repaying a loan is a form of forced saving. You’re not just paying for a roof over your head, you’re building equity in an asset that is likely to grow in value over the years.
Am I eligible for the First Home Owner Grant?
The rules for the First Home Owner Grant differ slightly around Australia but some basic conditions apply:
- You must be a permanent resident or an Australian citizen.
- You must not previously have owned or co-owned a home in Australia or have received an
- Australian First Home Owner Grant in the past.
- You must be buying a home to live in – not as an investment property
- You need to live in the home for at least six months after purchase,
- You must be a natural person (not a company or a trust), and
- You need to be aged over 18.
Other conditions may apply depending on your state/territory. In many states, the First Home Owner Grant is only available if you buy or build a new home. In some states, you may not be eligible for the FHOG if you pay over a certain value for your first home.
As each state has its own set of rules for the First Home Owner Grant, it is important to understand the guidelines that apply for your area. If you want to find out more information, simply get in contact with Mortgage Choice Norman Park today!
"It was a pleasure dealing with Mark during the process of buying my first home. He was always professional yet very personable so I never felt uncomfortable to ask for further clarification on anything I didn't understand. Mark came highly recommended to me and I'd happily recommend him to anyone about to start their real estate journey."
- Jessica Roche
Want to know more? Check out our free resources!
- Download our free to buying your first home!
- Use our home loan calculators!
- Watch our videos about buying a property!
- Download our free moving checklist!
Mortgage Choice Norman Park will make complicated easy and provide you with the information and advice you need to make the right decisions. Our mortgage brokers in Norman Park will search compare hundreds of highly competitive home loan options from a wide choice of lenders, including the big banks.
If you're ready to buy your first home, simply reach out to Mark on 3395 4077. We are here to help you with all of your home loan needs!
