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At Capital X, we know that buying your first home is extremely exciting. We also understand that it can be a little daunting if not confusing. The good news is that if you are looking to purchase your first home you may be eligible for the First Home Owner Grant of between $7000 and $12, 000 depending on which state you are in.
The grant is not means tested. Eligible applicants will receive the same amount regardless of the state or territory in which application is made or the value of their homes or their personal wealth.
The grant may be offset against statutory levies or charges or both. Where payment for a home is less than $7,000, the amount of grant available will be restricted to the amount of consideration paid. If no consideration is paid, for example where a home is a gift or bequest, the applicant will not be eligible for the grant.
To find out more about the First Home Owner Grant please visit www.firsthome.gov.au.
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