Who are Eligible to Receive First Time Home Buyers Grant?

For those who don’t know what a first time home buyers grant is, you’ll be glad to know it’s a one-time subsidy that will be given to first-time homeowners. The government gives this benefit to assist people who want to have their first house. You’re going to be eligible for this grant if you’re:

  • 18 Years Old or More

It wouldn’t make sense to award this grant to young teenagers because there’s basically no chance they can buy a home at their age. Even if they were able to save enough money in their piggy banks, they wouldn’t be mature enough to pay for the expenses that come with owning a house.

  • An Australian Resident

This grant is exclusive for Australian residents, so foreigners can’t come to the country and take advantage of it. Therefore, this should be one thing Australian citizens should be proud of. Also, those who are currently living in other countries have a chance to take advantage of this grant as long as are Australian citizens.

  • Not an Owner of Another Property

Since the government can easily check whether you owned a previous property or not, you shouldn’t bother applying for the first time home buyers grant if you previously owned one. You’ll just end up wasting your time in applying for this benefit.

For any further questions, you can consult the experts of Opal Finance. They’d love nothing more than to help you take advantage of the first time home buyers grant. They’ve been in the industry for many years so you can expect nothing but helpful advice. They’ll even meet you at the time and place of your preference. Of course, don’t forget to book an appointment in advance since there are many people who want to consult with them. Visit their website today.