The Queensland First Home Owners’ Grant is a state government initiative to help first home owners get their new first home sooner. You could receive up to $20,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). You can even buy off the plan or choose to build yourself. It’s a great opportunity to buy or build a new home.
Make sure you come along to our FHOG Intro night to find out all of the things to think about before you buy your first home.
1. How to save to be ready for the First Home Owners Grant.
The FHOG is a great start, what else will I need to save for so that I can have a deposit on my first property?
2. Preparing a budget.
We have a budget planner that can outline all your everyday expenses, and see what excess you have left over. You can then work out what you can afford to pay in loan repayments.
3. Ensuring the property is sound.
Before you sign a contract it is advisable to have the house inspected for defects and problems. It may be a good idea to organise a pre-purchase inspection report.
4. Include all costs in your budget.
Moving costs can add up quickly. If you’re purchasing your first home or are moving out of your parents place for the first time you will also have to consider the costs of ‘setting up home’ for the first time. This can include furniture, linen, cutlery, TV, etc. – the list goes on!
5. Arranging Insurance.
Make sure you consider house and contents insurance as well as loan protection cover.
6. How to set up your loans and banking to make sure you REDUCE your DEBT FAST.
It doesn’t stop with the purchase of your first home. You want to be setup for success and that means ensuring you can reduce your debt fast to move onto your next property as soon as possible.
Come along to this event which is full of valuable information if you are looking to buy your first home.
Secure your seat and book below!