Buying your first home should be an exciting and satisfying experience and with a little knowledge and preparation there is no reason why it shouldn’t be. There are a number of things to be aware of ranging from the various government benefits for first home buyers to understanding the requirements the various lenders place on you before they will give you a loan.
Government grants and stamp duty exemptions can save you up to nearly $40,000.00 off the cost of your new property in some states. So clearly these benefits are worthwhile if you’re eligible.
First home buyers get 2 main benefits … A Cash Grant called the First Home Owner’s Grant and an Exemption of Stamp Duty costs associated with the purchase of a property.
