Guide to Buying your First Home

15 ASSISTANCE Assistance First Home buyer Assistance Programs Over the many years I have been involved in the property industry I have never seen a time when there has been so much assistance provided by both State and Federal Governments to help first home buyers enter the market. This won’t last so take advantage of these huge cost saving measures whilst they exist. There are 3 that you may qualify for and they are listed below: • First homeowners grant • First home loan deposit scheme • First home buyers stamp duty exemption The majority of first home buyers should qualify for all three and could provide you of financial benefits close to $40,000 if you choose to buy in certain locations on the fringe of Melbourne. First Homeowners Grant It is good for our economy when the new homes market is active, this creates lots of employment and greatly boosts retail spending. When we buy new homes, it is followed by the need for all sorts of furniture and household goods. This all leads to the economy thriving. The government therefore assist first home buyers to buy their first homes by giving you incentives to buy.