3 Tips in purchasing your First Home in Australia

Tip1 – The good news is, you don’t need a 20% deposit to purchase your first home in Australia! For example, if you wanted to purchase your first home and it costed $1 million AUD, paying out 20% of that figure would be $200k. But instead, you could put down as little as 5%. However, when doing so you may need to pay lenders mortgage insurance. (Speak to your broker).

Tips2 – If this is going to be your FIRST time purchasing a home in Australia – make sure you know which First Home Owners Grant YOU are entitled too! It varies from state-to-state but most offer up $10k!

Tip 3 – Finally – if you are in the market for your first home, consider buying a house off the plan (rather than one already built), there’ll be less stamp duty fees involved PLUS a more favorable tax depreciation because it’s considered new housing!

Ready to purchase your First Home?

Consider buying a new home and land package.

Dont have the time to be out every weekend and spending hours searching the internet?

Let Truth Property do the leg work for you, and keep you posted every step of the way.

This will save you time and hence money.

Truth Property doesnt charge you for Home and Land Purchases and actually gives Cash back.

However, for established homes (already built) there is fees involved.

Simply fill in the form to get started of give us a call on 0426259327.