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| The Federal Government has established the First Home Owner Grant Scheme to assist in offsetting the effect of the Goods and Services Tax (GST) on the purchase or construction of a home by a first home buyer. Eligible applicants will be entitled to a maximum $7,000 grant at settlement or on completion of their home, payable into a nominated account. The home must be a fixed dwelling that meets the local planning standards. The grant will not be available for renovations or for the purchase of vacant land. Payment of the grant is not means tested and there is no upper limit on the value of the property being purchased. However, to receive the mortgage grant, each applicant must comply with the eligibility criteria detailed below. |
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Eligibility Criteria
You will generally be eligible for the grant if you satisfy the following criteria:
- Neither You nor your spouse /de facto can have received the grant previously.
- Neither You nor your spouse /de facto can have owned a residential property, either jointly, or with any other person anywhere in Australia before 1 July 2000.
- Neither You nor your spouse /de facto can have owned and occupied a residential property, either jointly, or with any other person anywhere in Australia after 1 July 2000.
- Each applicant must be a natural person - i.e. not a company or trust.
- At least one of the applicants must be a permanent resident or citizen of Australia.
- At least one of the applicants must occupy the established home as their principal place of residence within 12 months of either settlement or completion of construction.
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| We will assist you free of charge in processing your home grant application. |
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| Take advantage of our free consultation services. We will come to your place of convenience whether being at home or office. | | | At RN Mortgage Zone, as an appreciation for all the support we received from our valued clients, we would like to take the opportunity to announce our special for this year. Nil application fee for all new home loans in 2007. This offer is available until further notice.
Thank you for your patronage. | | | | |
