Download and complete our ‘One Minute First Home Buyer Qualifier ‘ to assess your eligibility to buy your first home.

If you're a first time buyer, the good news is that the government has introduced a number of incentives to help you achieve home ownership sooner.

First home buyers across Australia may be eligible for the FHOG – which is a one-off, tax free gift from the Federal Government.

As long as you and/or your spouse are a first home buyer over 18 years of age, and an Australian citizen or permanent resident, you may be eligible for the grant.

The FHOG fluctuates in terms of both the amount available and the criteria borrowers must meet to secure it. While it’s a Federal initiative, the FHOG is administered by State Governments.

If you’d like to find out whether you’re eligible speak to a LadyBird Loan Consultant- they are well versed in all areas concerning the FHOG and can answer many questions, they can even assist you with completing the relevant paperwork should you have any difficulties.

Also visit www.firsthome.gov.au which can also provide additional information.

Australia’s State Governments have introduced breaks for the stamp duty associated with a property purchase.

Stamp duty is a mandatory government fee associated with each property purchase and typically calculated on the price paid for a property. First home buyers, like all purchasers, are required to pay stamp duty. However in an effort to make home ownership more affordable, concessions are available to eligible buyers which range from state to state.

It’s essential to determine your eligibility for a stamp duty concession before you commit to a home purchase, if you go over the threshold by even one dollar you may reduce the concessions or price yourself out altogether.

Be sure to speak to a LadyBird Loan Consultant when arranging your mortgage pre-approval to discuss your buying limits, in order to receive stamp duty concessions on your first home.

Knowing what breaks are available will help you better determine how much you can, or need to borrow.

Also visit www.osr.qld.gov.au which can also provide additional information.

Request a free copy of “Your Home – Your Mortgage"