In addition to the First Home Owner Grant, many of our state and territory governments also offer stamp duty/transfer duty concessions and incentives for first home buyers.
Make sure you know what is available to you in your state before you buy your first home, because you could be in for a few pleasant surprises.
You can use our clever little stamp duty calculator to research the transfer duty costs of your potential property. Plus you can check out the grants and concessions available to first home buyers in your state at finder.
While hiring a specialist to negotiate your mortgage may not be your idea of a good time, it’s in your best interests to befriend one. Why? Firstly, they’re experts when it comes to navigating the mortgage industry. And secondly, in many cases, they won’t cost you a red cent.
But what exactly is a mortgage broker? ASIC’s MoneySmart site describes a mortgage broker as someone who negotiates with credit providers on your behalf to arrange the best home loan for you.
The services of a mortgage broker are particularly valuable for first home buyers, as they will help guide you through the enigmatic world of home loan comparison.