Direct Negotiations 1st Home Owners

real estate

On 14 October 2008, the Australian Government announced that it was introducing the First Home Owners Boost, which together with the current $7,000 First Home Owner Grant (“FHOG”) will provide first home buyers with up to $21,000 on houses purchased before 30 June 2009.

The Boost applies to contracts entered into on or after 14 October 2008 and will leverage off the administration of the current FHOG scheme (Noting that some details are yet to be finalised with the Commonwealth).

The First Home Owners Boost will provide an additional $7,000 to first home buyers purchasing an established home before the end of June 2009. First home buyers purchasing a newly-constructed home will receive an additional $14,000 on contracts signed before the end of June 2009.

Time limits will apply on the building and completion of the newly-constructed home in order for first home buyers to qualify for the First Home Owners Boost. A newly-constructed home means a property that has never been sold by the builder/vendor, or been occupied as a residence by a tenant or other occupant. The purchaser must have proof, such as a statement from the vendor or other evidence, that the property meets these requirements for them to be eligible for the higher level of the First Home Owners Boost.

The FHOG eligibility criteria are generally that:

the applicant be a natural person; the applicant be at least 18; the applicant be an Australian citizen or permanent resident; the applicant or their spouse must not have received an earlier grant; the applicant or their spouse must not have had a prior interest in residential property; the applicant must occupy the home to which the application relates as the applicant’s principal place of residence for a continuous period of at least 6 months (or a shorter period approved by the Commissioner) commencing within 12 months of completion of the eligible transaction (or within a longer period approved by the Commissioner).

Once final details have been agreed with the Commonwealth, the relevant application form will be placed on our website.

Including the State Government's $4,000 FHBG for homes up to the value of $400,000, a first time home owner could receive a total of $25,000 towards their first property.

WHAT‘S IT REALLY WORTH?
As of Monday 28th July 2008, new Real Estate rules applies in SA.

From Now on will will not be seeing as many ball park figures like “Offers above $330,000" in newspaper and on the internet.

So how will you know how much to offer? What is that property really worth?.

That's where "Direct Search and Acquisition" or "Direct Buyer Assist" can really help and probably save you some real money.

If you want to know what it's really worth, Contact Direct Negotiations today.

Read on to learn What Not To Do and then how to Do It Smart.



WHAT NOT TO DO
We all know someone who has done well in property. Maybe an uncle or cousin who bought years ago for $97,000 in a so-so area that by chance became trendy. This uncle’s neighbour just sold for $550,000. Great news for your uncle but this doesn’t make him an expert.

Here comes Uncle’s advice: “That area is no good, too close to the flight path” or “You’ve got to buy over this side of town”.

What Uncle doesn’t realise is that the flight path changed with the new airport and that surrounding suburbs are currently booming. The reason that you were advised to be “that side of town” is because you have always been a favourite of Uncle’s and he would love to have you around much more often.

Do you see the difference? Uncle is giving you advice on general impressions and feelings. What you need is advice based on facts.



DO IT SMART
Make your move into property investment a good one. Use Direct Negotiations to find out:

  • Where the growth suburbs are in your area.
  • Changing demographics.
  • Where the affordable properties are.
  • Where the best deal can be done.

    • As a first time owner you can happily sit in you own home knowing that you have bought the best home in the best area at the best price. That is what you call Doing It Smart.

    Do It Smart Today - Contact Direct Negotiations today to find out how you can find your perfect property and save time stress and money.

    Tell us what you are looking for - Click Here or Call us 7 Days on +61 (0) 8 8463 1997


    Read an Article about First Home Buyers Grants Click Here

    Read another Article about First Home Buyers Grants Click Here