Professionals Real Estate 
Now is a great time for new home buyers to make their first home purchase. The government at different levels is offering some good incentives to encourage home buying. This stimulates the economy allowing home buyers to invest and creates work for the construction business. In addition to these incentives more housing developers are now offering some super incentives as well. These can range from some buying assistance, or maybe the inclusion of furniture with the deal.
One of the most important incentives to look at is the government grant. When one is able to qualify for this, it could mean a very substantial amount of funding towards the purchase. There are criteria for being able to qualify, and for those looking to buy homes that are established they may not be eligible for the grant. Another saving that may be available is a reduction in the stamp duty but these offerings vary amongst the different States. Grant offerings are consistently changing, so it is important to track these to watch for changes and dates.
The following is a list that you can check out that should be current, but again keep in mind these can change at any time. These are meant for those who are first time home and land package buyers.
ACT
For First time home buyers
Amount: $12,500 toward house and land package
Cap limit: covers total value of eligible properties > $750,000.
NSW
For New South Wales house and land buyers
First Home Owner Grant > new homes
Amount: $15,000 (to be reduced to $10,000 as of January 1st, 2016
VIC
For Victorians
Amount: Up to $10,000 (meeting eligibility) Home& land cannot exceed $750,000 in total
QLD
For Queensland house and land package buyers
Amount: $15,000
Property must be under $750,000.
NT
New house and land package
First Home Owners Grant Scheme
Amount: $26,000
No threshold
WA
Western Australia
Amount: $20,000
Various caps apply according to locality
TAS
Tasmania
First Home Builder Boost
Amount:$20,000
House and land packages
SA
South Australia
Amount: $15,000
Cannot exceed value of $575,000
Paid to first home buyers after foundation completion.
Varies amongst the States
Please note, all the information contained in this post was valid at the date of posting. Professionals always recommends you speak to a financial advisor before making any financial commitments or decisions.
