First Home Buyers Grant Information and Overview For Australia

Are you getting ready to purchase your first home in Australia? The first home buyers grant was put in place for people just like you. People who want to have the pride of owning their own home and want to have a place to call their own. Many people in Australia have considered this as a great option to be able to afford their own home, and the Australian government has made it a lot easier for people to purchase their own home. There is some information about first time home buyer grants that you may want to know if you are someone who is looking for a place to own.

The first home buyer grant was put into place in July of 2000 and is funded by the ACT government and ran by the Revenue office. The program provides a $7000 grant for anyone who is interested in purchasing their first home. The first time home buyers grant is a great program that has been put in place to help those who are tired of paying the high price of renting a place and are ready to start putting down roots somewhere a little more permanent.

There are some very important dates and grant changes that you will want to be aware of if you are thinking about taking advantage of the benefits that the Australian government have put in place for you. You have already missed out on one deadline which was from October 2008 to September 2009. If you would have gotten in by this deadline you would have been eligible to receive double the benefit from a $7000 grant to a $14,000 on an established home. The new deadline which is from the beginning of October until the end of December of 2009 will still give you a boost in the grant money that is available. You will be able to receive a $3500 boost for a total of $10,500 on an established home and if you build a new home you will be able to receive a total of $14,000 grant money. You cannot lose when the government is offering to pay for a portion of the cost of your new home.

There are different programs set up depending on which area of Australia that you live in. You will find that the rules for the first home buyers grant nsw differ from other areas of Australia where this program is available. You will still be eligible for the $7000 grant money that is available, but there are other parts of the program that you may be interested to know about.

Being able to own your own home is a wonderful thing. The first home buyers grant is a great way for the government to get more people into homes and a great way to turn the housing market around. With the first time home buyer grants that are made available everybody from the buyer to the seller and even the government organizations that are involved wins.