First Home Buyers Loans
Looking to buy your first home is a big step. It will be one of the biggest purchases of your lifetime.
As a first home buyer, today has never been a better time to purchase a property.
With both federal and state government incentives for first home buyers, the current flat property market and falling interest rates, the market conditions are perfect for first home buyers.
With the help of our experienced and friendly team at Australian Lending Centre, we can help your first home dreams, become a reality.
Government First Home Buyer Concessions
The Australian Federal Government has launched a new set of incentives to help out first home buyers. For your first purchase of an established home, you will receive a grant of $14,000, and for the building or purchase of a newly constructed home you will receive a grant of $21,000.
In addition to these grants, each State Government offers different concessions for first home buyers.
NSW provides transfer and mortgage duty exemptions for building a home (up to the value of $600,000) and buying a vacant lot for building a first loan (up to the value of $450,000.
Northern Territory provides a concession of $8015.60 for first home or land purchaser.
Queensland provides concessions on transfer and mortgage duties
South Australia provides full stamp duty concessions for first property purchases (up to the value of $80,500) and partial concession for up to $250,000
Tasmania provides concessions for both established dwellings (up to the value of $350,000) and vacant land (up to the value of $175,000).
Victoria provides a $5000 grant for established homes, as well as possible transfer duty concessions.
Western Australia provides a $2000 grant for incidental expenses when purchasing a first property, as well as stamp duty concessions (up to the value of $350,000)
It has never been a better time to find your perfect first property.
Falling Interest Rates
With the Reserve Bank's continuation of interest rate cuts, and many more predicted to be on the way, now is a great time to take out your first home loan.
Australian Lending Centre offers competitive interest rates, and will tailor the right first home loan solution for you. We have the expertise to ensure that your first home purchase is a positive and rewarding experience.
The First Home Buyer's Property Market
The current climate of the property market means that it is an opportunistic time for first home buyers. The flat real estate market, means that properties are selling for much less, which makes it ideal for you to purchase your perfect first home now at a more affordable cost.
With so many fantastic opportunities and incentives, now is the perfect time to purchase your first home.
So do not hesitate. Talk to our friendly staff at ALC about a loan, and let us help you secure your first home dream today.