Are you looking to purchase your first home and don’t know where to start? Let the team at Concise Financial Services help you take the first steps to becoming a homeowner.
As you may know, there is a lot of things to consider when you’re searching for and purchasing your first home. Here are some essential facts you need to know.
First home buyers grant.
From 1 July 2017 to 30 June 2020, the Victorian Government has announced to increase the First Home Owner Grant from $10,000 to $20,000 for new homes built in regional Victoria and valued up to $750,000.
First home buyers stamp duty.
The Victorian Government announced it would abolish stamp duty for first home buyers purchasing a home with a dutiable value of $600,000 or less from 1 July 2017. In addition, those purchasing a property worth between $600,000 and $750,000 will receive some form of stamp duty concession. Use this home loan calculator to find out your stamp duty costs.
Even for the financially savvy, buying your first home may come with unexpected fees or charges you may not have thought of. For example, strata fees or stamp duty may apply, and it’s crucial they are considered when planning your finances for the next few years.
At Concise Financial Services, we have access to over 40 lenders allowing us to find an ideal loan for you. We also take each and every customer through the entire loan process, including getting a pre-approval to put you ahead of other buyers.
If you’re looking to purchase your first home and would like to speak to an experienced broker, contact Concise Financial Services today on 03 9387 3171 or simply fill out our enquiry form and a member of our team will be in touch.