Following the Federal Budget, first home buyers now have until September to enjoy the full benefit of the Government’s First Home Owner Boost (FHOB).

First home buyers who sign contracts to purchase a newly built home between 14 October 2008 and 30 September 2009 are eligible for a one-off payment of $21,000 in terms of the FHOB scheme.

Those who purchase an existing home are eligible for a one-off payment of $14,000.

If you miss out on the September deadline but make your move before December 31 this year, you’ll be entitled to a much lower government grant of $14,000 for a newly built home and $10,500 for an existing home.

Thereafter the grant will revert to $7,000 for both newly built and established homes.

Take note though: following the recent State Budget, first home buyers buying homes worth more than $750,000 will not be eligible for the grant.

Come in and see us now if you need more information or would like to find out how you can take the first step to owning your own home.

First home buyers
Only 2 months left in which to claim the increased grant!

You only have until June 30 to take advantage of the Government’s major boost to the First Home Owner Grant.

Although market participants would all prefer it to be extended, there is no indication that the First Home Owner Boost (FHOB) will continue in its present form thereafter. This means you should act now to ensure you can claim the maximum benefit.

Fortunately, as a first home buyer there are a number of other factors that could help make your entry into home ownership that little bit easier. Interest rates are falling and house prices are lower.

First home buyers who sign contracts to purchase a newly built home between 14 October 2008 and 30 June 2009 are now be eligible for a one off payment of $21,000 in terms of the FHOB scheme.

First home buyers who sign contracts to purchase an existing home between 14 October 2008 and 30 June 2009 will be eligible for a one off payment of $14,000.

After a slow start first home buyers are now making a strong impact on the housing market in Australia as they take advantage of the FHOB.

Come in and see us now if you need more information or would like to find out how you can take the first step to owning your own home.

In my view
Market shows signs of movement

Eddie Jaworski
Director/Finance Broker
0419 916 991
eddie@3dhomeloans.com.au

Welcome to this the first issue of our newsletter for 2009.

In the past few weeks you may have noticed that real estate signs in your area are increasingly displaying SOLD and UNDER OFFER stickers.
According to reports, attendances at home opens are up and in first home buyer areas there is a noticeable increase in activity.
According to the Australian Bureau of Statistics first home buyers took up some 25.4% of the home loans issued in Australia in December 2008 – the highest since 2001!

It’s, however, not just first home buyers who were responsible for most of the demand.
What is clearly indicated is that people are beginning to realise that things are not as bad as portrayed in the press. Employment is still high, house prices are down to affordable levels and interest rates have dropped dramatically. As a result they have taken a conscious decision to just get on with it.
Certainly, the dramatic interest rate fall over the past six months has generated excitement among buyers, as has the decline in house prices. But that doesn’t mean you should sign up to a loan package without understanding all the implications.
Now more than ever you need the advice of a specialist finance broker who can tell you which loan is best for you, taking into account not just the interest rate but also the many other critical factors that can make the difference between a ‘good’ and ‘bad’ loan.

So, come in for an obligation free consultation before you sign on any dotted line.