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Owning a home is a milestone that offers numerous advantages beyond simply having a place to live. Here’s why you should consider becoming a homeowner:
Long-Term Investment: Mortgage payments build equity in your property, creating a valuable financial asset over time.
Stability: Fixed mortgage rates provide predictable housing costs, unlike fluctuating rental prices.
Community: Homeownership fosters a deeper sense of community involvement and stability.
Customisation: Personalise and renovate your home to suit your tastes without needing landlord approval.
Financial Benefits: Potential for property value appreciation and tax deductions on mortgage interest and property taxes.
$30,000 First Home Owner Grant
The Queensland government offers a $30,000 grant to first home buyers, providing a significant boost to your property deposit and making homeownership more accessible. Here’s how the grant can benefit you:
Increased Deposit: The grant effectively adds $30,000 to your deposit, helping you qualify for better mortgage rates and reducing your borrowing amount.
Lower LMI Costs: A larger deposit can help you avoid or reduce Lender’s Mortgage Insurance (LMI), saving you money.
Access to Better Properties: With an increased budget, you have a wider range of properties to choose from, allowing you to find a home that better fits your needs.
Eligibility Criteria
To qualify for the $30,000 First Home Owner Grant, you must meet the following criteria:
Age: You must be 18 years or older.
Citizenship: You must be an Australian citizen or permanent resident.
Previous Ownership: Neither you nor your spouse must have previously owned residential property in Australia that you lived in.
Transaction Type: The grant is available for purchasing or building a new home valued under $750,000.
Residency: You must move into your new home as your principal place of residence within one year of completion and live there continuously for at least six months.
How to Get Started
Speak to the Specialists: Click the link below, fill out your details and make the first step towards your home ownership dream. We can assist you every step of the way - starting with research and financial planning.
Research, Research & Research! Start by researching the housing market and understanding your budget. Look into different neighbourhoods, property types, and price ranges to find what fits your needs.
Get Pre-Approved for a Mortgage: Before you start house hunting, get pre-approved for a mortgage. This will give you a clear idea of how much you can afford and show sellers that you’re a serious buyer...
Becoming a homeowner is a major milestone that offers numerous benefits, from financial stability to personal freedom.
With the Queensland government’s $30,000 First Home Owner Grant, now is the perfect time to make your dream of homeownership a reality.
At Kallea, we’re dedicated to helping first home buyers navigate this exciting journey.
Contact us today to learn more about how we can assist you in taking advantage of this incredible opportunity and turning your homeownership dream into a reality.
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