Government Grants - Great opportunities are still available for first homeowners in the form of government grants a great help with the financial aspect of building your dream home.
The First Home Owner Grant (New Homes) scheme is offered at $15,000 and is available to first homeowners building their home. From 1st January 2016 it will reduce to $10,000 (information correct as at July 2015). There is also a stamp duty concession for first homeowners buying land valued at under $300,000.
There is also a $5,000 grant available for those building their second or third home which in some circumstances can contribute to the payment of the stamp duty. Be sure to discuss these options with your mortgage broker or lender. Office of State Revenue http://www.osr.nsw.gov.au/grants/fhog .
Pricing of your final house package - When researching the price of your new home, it is important to be aware of all items that are included - or not included - in the final price.
More key steps can be found in our Top 10 Tips to consider when building your home.