The Great Start Grant is a fantastic Government initiative aimed at assisting first home buyers to purchase their first home. This generous grant offers $15,000 to first home buyers who are buying or building a new home, townhouse, duplex, granny flat or unit. This grant is helping stimulate the building industry and adding a massive incentive to Australians to purchase a new home.
Conditions
There are a few conditions you will need to meet to get the Grate Start Grant. Firstly, the residence you buy must be new or substantially renovated. It has to be valued at under $750,000 and it needs to be your first home. The grant is not available for a relocated home, which is an older home that has been moved. Owners must move into their new home within a year of purchase and must live in it for at least six months continuously. You need to be over 18 years of age and an Australian citizen or permanent resident. These conditions are not hard to meet and the advantages are obvious.
[Read more…] about 3 Reasons Why the Great Start Grant is better than Just Great