Obtaining the deposit that will enable you to buy your own home is a hurdle that everyone has to face when starting the journey to home ownership. Taking advantage of the government schemes that are available, such as the First Home Owners Grant, will help you take a big step towards purchasing a new home sooner.

Introduced on 1 July 2000, the First Home Owners Grant (FHOG) scheme is a one-off grant payable to first home owners that satisfy the eligibility criteria. In Queensland, for a limited time only, the FHOG has been boosted by a further $5,000, increasing it to an incredible $20,000*. This boost is only available for a limited time, ending midnight 30 June 2017.

To qualify for the grant, first home owners will need to meet the following criteria*:

  • You must be an Australian citizen or permanent resident
  • You or your spouse must not have previously owned property in Australia
  • You must be at least 18 years of age
  • You must be buying or building a brand new home, valued under $750,000 and reside in it for at least six consecutive months.

In addition to the FHOG, Villa World could help you into your new home sooner than you think.

Bigger Deposit

If you are purchasing a newly built home, the FHOG will give you that additional boost to your deposit, helping you to not only speed up the process of saving for your first home but it may also give you a bigger deposit that will help you secure a better deal from your bank.

Now is the time to move to Queensland

Coupled with the expectation that the Southeast Queensland property market will continue to see reasonable growth** , both Brisbane and the Gold Coast are seeing a boom in house and land developments. Villa World have a range of dream projects for new home buyers that are perfect for those looking to combine lifestyle with affordability. These complete addresses and land developments enable you to take advantage of the generous limited time only $20,000 FHOG.

This housing affordability and generous grant mean the best time to make the transition from renting to buying a new home is now. Further to this, Villa World may be able to offer a contribution, over and above the $20,000 QLD FHOG. Your dream of owning your own home is literally just around the corner!

The Villa World Helping Hand

There is more good news in store for first home buyers in Queensland. In addition to the $20,000 QLD FHOG, for a limited time, Villa World is offering first home buyers an exclusive contribution to help you get into your new home sooner at Haven on Greens and Emerald Park.

If you are trying to save a deposit for your first home but are falling a little short, you can receive a helping hand from Villa World! Visit us here for Terms and Conditions and to download a brochure.

In another state? For more information on the applicable First Home Owner Grant in your state visit http://www.firsthome.gov.au

*https://firsthomeowners.initiatives.qld.gov.au

**http://www.couriermail.com.au/questnews/property/firsthome-buyers-back-in-market-to-take-advantage-of-queenslands-20000-boost-to-grant/news-story/756e920c1aeb72a118de71fd34c828e7

Villa World Limited published this content on 28 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 March 2017 01:29:13 UTC.

Original documenthttp://www.villaworld.com.au/blog-post/helping-hand-first-home-buyers-and-5000-boost-queenslands-first-home-owners-grant

Public permalinkhttp://www.publicnow.com/view/2274A8D7F25EA846B6A5DD11C6C620645A8C421E