Afford The Home You Want With Exciting Government Grant - By: Eva Judge

If you're like many other people in Australia, then you've been putting off buying a home because you think that you just can't afford it. While it is smart to be cautious with your finances, it is important to realise that the First Home Buyers Grant can help you afford a home with ease.

Do You Qualify?

Since you don't want to put the cart before the horse, it is smart to figure out whether or not you and your spouse are eligible for the grant before getting too excited. In other words, you shouldn't hire a conveyancing Brisbane firm just yet.

Firstly, you must be:

=> at least 18 years old
=> a citizen of Australia, or a permanent resident; otherwise, you must submit your application with somebody who is a citizen or permanent resident
=> not acting as a trustee or acting as a company
=> building or buying a home that costs less than $1M

Furthermore, you and your spouse must:

=> never have owned property in Australia prior to 1 July 2000
=> not have lived in residential property in Australia that you have owned, since 1 July 2000
=> never have received the First Home Buyers Grant in the past

Finally, in order to qualify for the grant, you and your spouse have to:

=> reside in the home at least six months out of the year; it must be your primary residence
=> move into the home that you buy within one year of purchasing it

Benefits And How To Apply -

The First Home Buyers Grant is an exciting opportunity. Whether you are buying an existing home or are building a new one, you can receive up to $7,000. This can save a considerable amount of money off of the amount that you have to finance, allowing you to enjoy a lower monthly payment. To apply, you must submit your application to an approved lending institution or bank, or through the Office of State Revenue.

There's no question that the First Home Buyers Grant is a great opportunity for those who are just starting out. With the money that you save, you will be able to make improvements to your home, invest a bit of money or do any number of great things. Remember that you will still need to contact and hire on a qualified conveyancing QLD firm to help you through the process. Still, with the cash that you save from the grant, paying for a conveyancing firm will be that much easier. Don't miss out on this top opportunity; make sure you apply before it is too late!

About the Author

Conveyancing Brisbane firms have definitely been experiencing a spike in business since the First Home Buyers Grant has been unveiled by the Australian government. Many conveyancing QLD solicitors such as Charter Conveyancing report that they have been receiving numerous calls about the program, and that many couples are becoming home owners for the first time.

Article Directory Source: http://www.articlerich.com/profile/Eva-Judge/52039

Additional Articles From - Home | Reference & education | Legal