If you are looking to build a new home or renovate your existing home, then the New Home Builder Package just announced by the Federal Government could assist you!
- Are you looking to renovate?
- Are you looking at building a new home?
A $25,000.00 grant will be available to singles or families building a new home up to the value of $750,000.00 (including the land value) or renovations worth between $150,000.00 – $750,000.00 (that will result in the property being worth under $1.5m).
The money for renovations cannot be used for renovations not connected to your main house (such as swimming pools or tennis courts).
The grants will be means tested, meaning that it will be only open to singles earning up to $150,000.00 or $200,000.00 for couples.
These grants will also be available to first home owners on top of the concessions that are already available to them, including exemptions/concessions in relation to stamp duty, the first home/new home grant ($10,000.00) and the First Home Loan Deposit Scheme. If you are a first home owner – there has never been a better time to look at purchasing your first (brand new) home!
ABOUT CARINA NOVEK:
As a Licensed Conveyancer, Carina specialises in property law. She has over 20 years experience in conveyancing and is the perfect person to help get you into your first home today!
For further information please don’t hesitate to contact:
Contact Campbelltown Lawyers today.
This blog is merely general and non specific information on the subject matter and is not and should not be considered or relied on as legal advice. Coutts is not responsible for any cost, expense, loss or liability whatsoever in relation to this blog, including all or any reliance on this blog or use or application of this blog by you.