It’s no secret that getting into your own home can seem like a pretty daunting process – with loans, grants, debts, guarantors, and more to take into account, it can get overwhelming.
At Dreamstart Homes, we believe in demystifying the process to make it easier for Perth’s first home buyers to build their own home.
When you build a new home, you are picking all your fixtures fittings, colours and design layout.
The new home is just that, new. All the appliances come with a warranty and the House has a Lifetime Structural guarantee.
This provides peace of mind that you don’t get with a second hand home.
At Dreamstart we appreciate that you might need help along the way, when building your first home.
We can help you throughout the process including finance, land, and designing a house to suit your needs.
We can also assist with Government Grants including the First Home Owner Grant.
Our aim is to make owning your own home an easy process, giving you a dream start in the property market.
Simply contact us and we’d be happy to help you along your journey to home ownership.
More and More parents are helping their children get into their first home and there are several options available. Contact us and we will be happy to go over these alternative options with you and/or your parents to see what will best work for you and them.
The Australian Government introduced the First Home Owners Grant to offset the effect of the GST in 2000 as a way of encouraging home ownership. It’s very popular among our clients, and for good reason – at time of writing, the First Home Owners Grant is a $10,000 boost you can put towards your new home.
The easiest way to apply is through an FHOG approved agent, such as DreamStart Homes; alternatively, you can go direct to the Office of State Revenue. Your approved agent can receive and process your bank/credit union loan application, and you may also receive your grant and approval for the first home owner rate of duty earlier. The only thing you’ll need to do is provide the appropriate supporting documentation with your application.
No, only one grant is payable for the same eligible transaction. In other words, if more than one person buys the house, only one grant will be provided.
No. Your income will not be taken into account when your FHOG application is assessed.
Yes, you can; provided that you meet the eligible criteria.
No. You will still be eligible for the grant as long as you meet the criteria and your home is your principal place of residence.
Yes, as long as you meet the eligibility criteria.
No. If you are eligible, you may use the money in any way that you want.
No. The grant must be used for first home owners and not those with existing buildings.
In certain conditions, yes. For example, you may be eligible for the Aboriginal Home Ownership Scheme, Good Start Scheme, Right to Buy Scheme, Access Home Loan Scheme, or the Home Buyers Assistance Account.
In West Australia, First Homebuyers are also exempt from paying stamp duty on the Land. This is applicable for Land Purchases up to $300,000 – which is a saving for first homebuyers of nearly $10,000.
Typically, if you have never owned a home in your name you are able to apply for the First Homebuyers Grant. There are circumstances where this does not apply and individual advice is the best course of action.