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June 19, 2020

The New Government Grants for Home Buyers – Do You Qualify?

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You could receive up to $55,000 towards your first home!

You’d be living under a rock if you haven’t heard about the fantastic new government incentives that have recently been announced for first home buyers.

And with all this good news, first home buyers have certainly responded! You’ve probably seen on the news that there’s been a flurry of activity. House and land packages all around Perth are selling out fast (people are even sleeping out!)

2020 was already looking like a great time to build, with record low interest rates and an abundance of land. But then new federal and state government grants and rebates were announced and it has made it even easier for first home buyers to get into their first home!

At WOW Homes we’ve had hundreds of calls over the past week from home buyers who want to stop paying rent and get into a home of their own.

Answer a few easy questions and find out if you qualify.

WOW Homes for first homes

You could be eligible for up to $55,000!*

Time is of the essence because if you want to take advantage of the new grants, you’ll need to start building within specific time frames (we’ve listed them further down).

What some first home buyers may not realise is that it can take 30-40 days to secure your finance. So don’t wait until the end of the year. Get the wheels in motion now.

When you deal with WOW Homes, you don’t need to deal with banks direct.

We can help with your finance so there’s no need for you to deal with banks.

Our in-house finance team work with around 38 different lending institutions and can help find the best home loan for you.

*Terms and conditions apply.

Everything explained

Chances are if you’re in the market you are probably being bombarded with information and it can get pretty confusing. Here’s a quick explanation of the criteria and terms and conditions that apply.

Information correct as at 18/06/20.

$20,000 State Government BUILDING BONUS PACKAGE

Criteria

  • Available to first and subsequent home buyers only
  • Aged 18 years over
  • Available to Australian citizens and foreign persons
  • Available to natural persons, corporations and trustees
  • Is not means tested
  • No purchase price cap applies
  • Enter into a building contract between 4 June 2020 and 31 December 2020
  • Commence building a new home within six months of building contracts being signed

$25,000 Federal Government HOME BUILDER GRANT

Criteria

  • Available to first and subsequent home buyers only
  • Aged 18 years over
  • Are an Australian citizen
  • Are an individual (not a company or trust)
  • Earn less than $125,000 income per annum as an individual
  • Earn less than $200,000 (combined) income per annum as a couple
  • Enter into a building contract between 4 June 2020 and 31 December 2020
  • Build a new home valued up to $750,000 (this includes the land)
  • Commence building a new home within three months of building contracts being signed

$10,000 State Government FIRST HOME OWNERS GRANT

Criteria

  • Available to first home buyers only
  • Build a new home valued up to $750,000 (this price includes the land)

Find out if you qualify!

Still got questions? We’ll let you know if you qualify. It only takes a couple of minutes so get in touch with us today!