first home buyers

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. Don’t be worried about the number of things to consider … that's where we come in ...

Our service at Excellente Business Solutions costs you nothing and we provide top quality professional assistance from the word go all the way to the finish line, and beyond….

We'll explain to you how government grants and stamp duty exemptions can save you thousands off the cost of your new property in some states. So clearly these benefits are worthwhile if you're eligible!. As a first home buyer, items you should consider include:

1. The First Home Owners Grant

• Base amount = $7,000 provided by the federal government ( no scheduled end date)
• Note that some states have additional state based first home buyer bonuses ie $3000 for new unlived in properties in NSW and $3000 for all properties in Vic

2. Stamp Duty Exemption schemes – various schemes provided by the state governments

3. Deposits required – the amount of deposit you need to provide

4. Loan capacity – your capacity to borrow money from the various lenders as determined mainly by your level and type of income

5. Your repayments – what your loan repayments will be at various loan amounts.