Top Mistakes Property Investors Make in Their First 3 Years
Most property investors do not lose money because they pick the wrong country, the wrong decade, or the wrong “type” of property. They usually struggle...
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The settlement date is usually listed on the contract of sale and this period varies by state and territory. This is important because there are different penalties if you do not settled by the agreed date, so make sure you check this before exchanging contracts. When the agreed settlement date arrives, you can pick up the keys to your new place!
Related FAQs
What Is The First Home Owners Grant?
The first home owners grant is a government grant developed to assist eligible first home owners to purchase a new home or build their home by offering a grant.
How Do I Apply For The First Home Owners Grant?
Applying for the First Home Owner Grant should be done at the same time as applying for your home loan. Our affiliated brokers will help with the application. You can also request an application from the office of state revenue directly.
How much is this First Home Owner Grant?
Each state has different rules and pays different grant amounts. The grant can vary from $5,000 in some states to $20,000 in others. In NSW, first home buyers purchasing a brand new first home will receive $10,000 first home owners grant up to a cost price of $750,000. States now require the property you purchase to be "brand new" to qualify for the first home owners grant.
If my partner & I are both eligible for the first home owners grant, do we get it twice?
No. When putting through an application, only one person in the application can be granted the FHOG. You also must make sure your partner hasn’t previously used or received the grant in Australia, as it may be denied.
Does Rateseeker help with investments home loans?
We sure do! Rateseeker has many major banks & non bank lenders to choose from to help achieve your property investment goals. Fill out our form and one of our affiliated brokers will get in touch with you to to work out how they can help.
