If you’re a first-time home buyer, you can take advantage of a privilege given by the government – the home buyers grant. Of course, you must find out if you’re qualified for it. Don’t be surprised if a lot of your friends have already taken advantage of this privilege due to the financial benefits it brings. You can find out if you’re eligible through these frequently asked questions about home buyers grant:
How much is the Grant?
Those who are eligible for this benefit can get as much as $10,000. For those who bought their home before the end of the year, an additional $5000 can be awarded. The amount you’ll receive depends on a number of factors. Therefore, you must submit all the requirements that are needed so you would know how much you’ll get.
What are the Requirements?
You must submit several requirements to qualify for this benefit. First, you must submit a valid ID to prove that you’re over 18 years old. It’s not legal to grant his benefit to a minor. Besides, it’s impossible for a minor to afford a house anyway. Of course, you must be an Australian citizen. Another requirement is you should have never owned nay property in the country whether it’s a residential or commercial one. Also, you shouldn’t have had first home buyers grant approved in the past. If you did, that will show in the records quickly and it will give you a bad reputation. It’s impossible that you forgot about that.
You can’t blame yourself if you’re too excited to purchase your first house. However, just like any other process, this can be prone to mistakes. You can’t afford mistakes because this is a huge investment. To avoid making mistakes, you must consult experts. In the financial industry, the only people you should talk to are the advisers from Opal Finance. They have more than a decade of experience so they’ll give you nothing but useful advice. All their past clients have stated they wouldn’t hesitate to hire them again when they need financial advice.