subject: Learn More About Queensland First Home Buyer Grant [print this page] The Queensland government has created an excellent incentive for first time home buyers to act now and get into a new home. Despite the rather gloomy housing market, the Queensland government's First Home Owner Grant (FHOG) program strives to help first time home buyers get into a home, while stimulating the property market at the same time. Mortgage brokers Brisbane are well aware of the program, and an even newer boost is making this program all the more promising. The combination of these two great programs makes it more affordable than ever before for people in Queensland to get into their first home. The current program runs from 1 October 2009 to 31 December 2009.
Details Of The Boost -
Under the terms of the initial deal, first time home buyers received up to $7,000 for existing homes and up to $14,000 for new homes. The boost - which any qualified Brisbane mortgage broker would be quite familiar with - would essentially double that amount. In other words, first time home buyers could receive up to $14,000 for existing homes and up to $21,000 for brand new homes. Those figures are certainly quite eye catching and undoubtedly helped many people make the plunge into home ownership for the first time.
Those who missed out on that 30 September 2009 deadline, though, can take heart: the new phase of the program runs until 31 December 2009. Acting now is obviously key. Those entering into contracts after 1 October 2009 can still take advantage of the program, although the numbers have been halved. Still, $3,500 toward an existing home is great. When combined witht he First Home Owner Grant, first time home buyers can receive up to $7,000 all the way through the end of the current year. Time is flying by, though, so acting now is imperative. If you've been thinking about buying your first home, now is definitely the time to do so in Queensland.
Additional Benefits Of Home Ownership -
In addition to taking advantage of the excellent offer from the Queensland government, owning your own home brings many other distinct advantages to the table. Most importantly, you will no longer be paying off someone else's mortgage. You will be able to paint your walls, put up new fences, install an air-conditioning unit or perform any other renovations without having to obtain approvals from the landlord. Every mortgage payment that you make is a payment toward your future when you own a home, and it is also money in the bank. With the amount you will save through the offer from the Queensland government, that savings will be jump started in a truly appreciable and remarkable way.