Housing Grants

[mydearboy]

Hi Guys a quick question on grants,

 

When we arrive and finaly choose to purchase a house which grants are we entitled to apply for? I am a bit confused.

 

Am I right in thinking i will be entitled as a first time buyer the

 

First Home Owners Grant of $7000

First Home Bonus Grant of $4000

Total of $11000

 

We will not be over there till early 2010 so i presume the Boost will have expired, have i got this all right??

Many Thanks

Darren & Lisa

[Andrew from Vista Financial]

Hi Darren & Lisa

 

Yes if you have Permanent residence and neither of you have owned property before in Australia then as above is right. The boosted grant is due to fully end Dec 2009.

 

However the $4,000 bonus grant is only fully available up to a property value of $400,000 and then is tapered out up to $450,000 where it stops completely.

 

Regards

 

Andy

[mydearboy]

Many Thanks

 

Great to know, we can financialy plan better now cheers.

 

Lisa & darren