The First Home Owners Grant

State Governments offer incentives for first home buyers when buying both new and established homes and these incentives vary greatly from state to state. In Western Australia if you build or buy a home that has never been lived in or is substantially renovated you are eligible for the $10,000 First Home Owners Grant. You are also eligible for a full concession on any applicable stamp duty depending on the purchase price of the land or home. If buying an established home again you are eligible for a concession on the stamp duty dependant on the purchase price. There are thresholds and limits in place and the relevant Office of State Revenue in your state has further information, or speak to me and I will answer your questions.