Latest News - February

Financial Assistance for First Home Buyers

Do you know that there are several financial assistance options for first-home buyers that can lessen the burden of saving for a home? We’ve listed them for you!

First Home Owner Grant

The First Home Owner Grant (FHOG) allows eligible buyers to receive up to $10,000 for a property in Victoria with a maximum price of $750,000.

To determine if you’re eligible, you may use the online tool from the State Revenue Office of Victoria. If you’re planning to apply for the FHOG, you may access the form here.

First Home Super Saver Scheme

The Australian Government introduced the First Home Super Saver Scheme (FHSSS) in the 2017-2018 Federal Budget, aiming to reduce pressure on housing affordability.

This scheme helps aspiring home owners save for their first home by making voluntary concessional (before-tax) and non-concessional (after-tax) contributions into their super fund contribution which can reach $15,000 to $30,000. The FHSSS is more tax-advantageous, helping first home owners save more and faster for a home deposit.

You may find more information here.

 

Ready to look for your first home? Let’s discuss your needs. Call us on 0427 398 171, or email us here. You can also drop by our sales office at 1205 Taylors Rd, Deanside. We’re open from Saturday to Wednesday, from 11am to 6pm.