Home Loans Are About People

Buying your first home can be one of the most exciting times in your life and contrary to a lot of information that we hear from the media now is a great time for you to become a home owner. In my opinion there has not been a better time to buy your own home in the last ten years and it certainly has never been any easier.

Imagine no more dead money paying rent, and the feeling of owning your own piece of the Australian dream, NOW… not years from now!

The reasons why I believe this is a great time to buy your home are many but the most important ones for you to consider are;

1. Most first time home buyers regardless of their age or financial position still qualify for the governments First Home Owners grant, this is valued at $7,000 and does not depend on your income or your age. This grant though is only available for houses and not for land only purchases.

2. In NSW at this time stamp duty concessions on both your first home purchase (including vacant land) and your first mortgage are available to you.

Stamp duty is a state government tax and this concession is available on all first home purchases to the value of $600,000 with the maximum saving to you (some $17,990) occurring on a purchase valued $500,000. The concession amount reduces after $500,000 with full stamp duty being required from $600,000 upwards. The same

$450,000 and above.

This saving on stamp duty combined with the First Home Owners Grant can give you a head start on owning your home valued at $24,990.

There are some conditions that apply but so long as you are a permanent resident of Australia and have not owned a home before you should be eligible. Call us now to find out how much you will qualify for. Remember these offers will not be available forever and it really is a great way to get started. It’s like a bonus on your deposit of up to $24,990.

3. Real prices in many parts of the Sydney have dropped by as much 16% over the last 12 to 18 months. The affordability in many areas being some of the best value available for the last 8 to 10 years.

4. There are some great Home loans available now that will allow you to borrow up to 100% of the purchase price of your first home. These loans are now also available at very competitive interest rates. So owning your own home may never be as easy as it is now.