Am I legible for the First Home Owners Grant |
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| FAQ - ABOUT HOME LOANS |
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To qualify for the First Home Owners Grant you must answer yes to all of the following questions: A. Are either you or your co-applicant over 16 years old and an Australian Citizen or permanent resident? B. Are both you and your co-applicant natural persons (ie: not a company or trust)? C. Is this the first time you or your co-applicant will receive the First Home Owners Grant in any state or territory of Australia? D. Have you or your co-applicant never owned a residential property, either jointly or separately or with another person before July 1 2000, in any state or territory in Australia? E. Have you or your co-applicant never owned and occupied a residential property, either jointly, separately or with another person, on or after July 1 2000, in any state or territory in Australia? F. Will either you or your co-applicant be occupying the home as their principal place of residence within 12 months of either the settlement date or completion of the construction? G. Has each applicant: • Entered into a contract for the purchase of a home on or after July 1 2000 or • Signed a contract to have a home built on their vacant land on or after July 1 2000; or • In the case of an owner-builder, commenced laying of foundations of a home on their vacant land on or after July 1 2000. 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 the government sites mentioned below for more information: • 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) Speak to one of the mortgage brokers at Intellichoice today on 1300 55 10 45 to find out more about the first home owners grant when applying for your home loan. |
| Last Updated ( Monday, 12 April 2010 12:17 ) |
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