First Home Buyers Grant Extended

The Australian government announced in Tuesday’s budget a six month extension to the first home owners grant boost.

Grants of $14,000 for established homes and $21,000 for new purchases will stay until September 30. From October 1 to December 31 the grant will be scaled back to $10,500 and $14,000 and return to the original amount of $7,000.

State governments have also given first home buyers a hand by either reducing the stamp duty and or adding to the grant with funds of their own. Check with your state revenue office to find out what concessions you are entitled to receive or contact us.