First Home Buyers Grant
The government’s First Home Buyer’s Grant is currently set at $7,000. To qualify you must:
- Be at least 18 years old
- Be an Australian citizen or permanent resident
- Never have owned a residential property anywhere in Australia
- Never have received an Australian First Home Buyer’s Grant
- Agree to occupy the home purchased with the grant for a continuous period of 6 months within 12 months of receiving the grant
The First Home Buyer’s Grant can be used:
- As all or part of the deposit on your new home providing you have insufficient savings
- To reduce the amount of your mortgage
- To enable you to purchase a larger home
- To purchase additional features such as home security or air-conditioning
Before you can receive the grant you must establish that you qualify financially, secure a home and land package and sign a contract with a recognised home builder. Commodore Homes can help you to apply for the First Home Buyer’s Grant which is a once-in-a-lifetime opportunity to secure your future.