Rateseeker Property News Round-up August – 2024
Missed the latest property news over the last month? From rental growth trends to borrower activity, we've got the latest insights for you here.
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The first home owners grant (New Homes) scheme is a cash grant intended for first home buyers who are purchasing or constructing a new house. The purpose of the FHOG is to encourage people to save up and buy their first home. You are eligible for the scheme if your are:
- Purchasing a well-renovated or newly constructed home valued under $600,000.
- When buying or building on land, with the combined value being less than $750,000.
- If the grant provided under this program was available for eligible property transactions that took place after 1 January 2016,
