If you dream of having your own home but think you don’t have the funds, it might be time to call a mortgage broker at Smartline Rockingham. We have helped people just like you obtain home loans for their first homes in Kwinana, Baldivis and other suburbs in the Rockingham area.
Thanks to the First Home Owner Grant (FHOG) and the First Home Owner Rate of Duty (FHOR), first home buyers who build homes don’t have to pay stamp duty on the land if it is under $300,000. In addition, they receive a $10,000 grant.
While we don’t advertise for builders and developers, there are quite a few in the area who specialise in making it easy for first home buyers. This can be a good strategy because the homes are a bit less expensive and you are living among other young families who are also buying their first homes.
When you add it up, you get record low interest rates, no stamp duty, a $10,000 grant and even some communities with lower prices to help you gain entry into the home market.
The FHOG and FHOR are structured to steer first home buyers into new homes. This stimulates the economy and helps young families get started right. Believe it or not, the average cost for a new home in some communities can be less than the average cost of an established home for the same market.
This provides first home buyers with new homes for as much or even less than established homes. In addition, you can depreciate the building over a period of years and save on taxes, even as the actual value of the property appreciates.
Call Smartline Rockingham Today
We know that everyone has a different situation. We also know that a lot of people who thought they couldn’t afford their first homes have found out differently after a consultation with one of the mortgage brokers at Smartline Rockingham. To learn more, call us today: (08) 9527 1800.