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First Home Buyers
Purchasing your first home can be both an incredibly exciting and daunting experience. Your first home will inevitably be the biggest financial investment and commitment that you will have made so far. For those new to the property market, and to the conveyancing process, buying your first home may seem overwhelming at times however our team are here to help you every step of the way.
We will ensure a smooth and stress-free transaction into becoming a permanent resident of your own home. Whether you choose to buy or build we can help you apply for a homeowner grant. As a first home buyer it is important to seek legal advice before entering into a contract to purchase your first home as there are a number of legal processes that must be followed. It is likely you have a number of questions surrounding stamp duty, homeowner grants and land tax - contact us so we can help you through the process!
First home buyers in NSW may be eligible for a stamp duty exemption /concession or payment of a grant.
First Home Owner Grant
First home owners may qualify to receive a grant of $10,000.00.
To qualify for the first home owners grant you must purchase a house, townhouse, apartment, unit or similar that is newly built, purchased off the plan or substantially renovated. Once purchased, you must occupy the home as your principal place of residence within 12 months of the construction or purchase of the home for a period of at least 12 continuous months.
Stamp Duty Concession and/or Exemption
To qualify for the stamp duty concession, you must be purchasing your first home in Australia which must be valued less than $1 million. Once purchased, you must occupy the home as your principal place of residence within 12 months of the construction or purchase of the home for a period of at least 12 continuous months.
Please note there are strict requirements and exceptions for either first home buyer benefit and it is best to contact our office to discuss your situation and obtain tailored advice. We will assess your circumstances to determine if you are eligible to apply. If you are eligible we can complete the necessary paperwork and apply on your behalf.