home loans - First Home Buyers FAQs - x inc finance

 1. How do I get a deposit for my first home loan?

This is a fair question, especially if you live in one of the more expensive metropolitan cities.  You do have options, and some you may not know about:

• Save for it in the traditional way
• Gifted money
• Equity from other property (usually your parents)
• Pledges from relatives
• You may not need one if youhave a good income
• Use your First - Home Buyer's Grant

more about getting your first home loan deposit

 2. What are the grants available to the first home Buyer?

If you are a first home buyer, a $7000 grant is available to go towards the purchase of your property. The First Home Owners Grant comes from the Commonwealth government GST but the grant scheme is administered by the state and territory governments. Each state is different, and each state offers first home buyers further bonus such as stamp duty and other concessions to first home buyers.  More about first home buyer grants

 3. What are the websites that I can excess to get more information on First- Home Buyers?

Each state in Australia has different policies, procedures, grants, eligibility criteria and processes when it comes to First- Home Buyers, so it is best to go to government sites mentioned below:

• NSW: www.osr.nsw.gov.au (02 9685 2122)
• VIC: www.sro.vic.gov.au (03 9628 6777)
• QLD: www.osr.qld.gov.au (07 32278733)
• WA: www.dtf.wa.gov.au (08 9262 1400)
• SA: www.revenuesa.sa.gov.au (08 8266 3750)
• TAS: www.treasury.tas.gov.au (03 6233 4976)
• ACT: www.act.gov.au (02 62070029)
• NT: www.nt.gov.au (08 89996683)

more about first home buyer grants