24th Mar 2009

Top Tips For First Home Buyers

first home buyers

The Australian federal government’s first home buyers grant has meant property is at its most affordable level in five years for these buyers.

The grant for purchasing an existing property is now $14,000, while the grant for newly built homes is $21,000.

In addition some state governments are helping buyers as well. First home buying in South Australia is assisted with a $4,000 grant as part of efforts to improve housing affordability. The full grant is paid for house purchases up to $400,000, then on a reducing scale up to a $450,000 purchase.

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