The first home owners grant has been made to ease the effects of the Good and Services tax that leads to the increasing price for properties for sale. In the year 2000, the government gave out $7,000 help for the First Home Owners Grant but it has increased in the year 2008 to $14,000 because the country experienced financial crisis during that time. Prices for daily commodities on that year were increasing and so are the prices for the home, that’s why there is an increase in the grant as well. When the crisis is subsiding it returned back to $7,000. It is great to know that the government is making decisions that answers to the needs of the citizens when economy changes. This grant is able to help ease the burden when acquiring a home for Australian citizens. It’s a very helpful assistance but it can be quite difficult to successfully acquire one if you do it all on your own.
This grant is approved for anyone who has the requirements needed. The first criterion to meet is to be a first-time home owner. To be able to qualify, you should have never applied for this grant in other territory or state. This is only a one-time incentive wherever you are situated in.
To adhere to the needed requirements, you need to do a bit of paperwork for your application for First Home Owners Grant (FHOG). Citrine offers services that can help you in your application and we have professional agents that can ensure that you get the results you wanted. You can get realistic expectations and receive information on what to expect and the time needed for the grant process.
Purchasing an Australian property is very easy if you get the First Home Owners Grant (FHOG) and Citrine being in years of experience in this business can help you get this grant to save money when you wish to get your first home.