Important Facts to Keep in Mind When Thinking About the First Time Homeowners Grant

 

There is no denying the fact that today its possible for just about anyone to own a home. This has been made possible by the availability of Hunter Galloway Grant that is geared and designed to appeal to citizens who qualify for the same. This option is attractive to many people and when combined with a couple of austerity measures, no doubt it will only be a matter of time before you have a roof over your head. There are, however, some important facts that ought to be put in mind.

 

For starters, it is important to understand the circumstances under which one qualifies for the same. You should either be building a new home, buying a brand new existing home, buying a substantially renovated house, or buying a brand new home that has already been built but has never been occupied. All these are circumstances that will qualify you for the Hunter Galloway grant.

 

The second fact to keep in mind is on the disparity on the figures that one qualifies for as a first-time homeowner. The amount which ranges between $15000 and $20000 will be depended on a couple of factors, top among them the time you signed a contract to purchase your first home. It will also be determined by the status of your first home purchase as described on the first point above.

 

Other additional requirements you might want to keep in mind include the obvious being at least 18 years of legal age. Of course, you must be a citizen of Australia, a permanent resident or at the very least have someone who is to help apply on your behalf. As the name may suggest, it is a first-time homeowner grant meaning this should be your first ever purchase. You and your spouse must not have had any property to your names in Australia when applying for the grant.

 

You also qualify only if you are building or buying a brand new home, whose value together with the land value should not be more than $750,000. More importantly, you are expected to live into that new house within the 1st year upon the completion of the transaction. And not just living there but you must make it your home for at least six consecutive months. When you meet all these qualifications, then you can do your research online and become the next homeowner in Australia. Go watch this: https://www.youtube.com/watch?v=MlGtQwNfle0.