This is general advice only and is a brief summary. For full details click here and seek specific advice.

The Home Buyers Assistance Account (HBAA) is a grant of up to $2,000 to cover the incidental expenses that come with purchasing your first house, such as finance application fees, settlement agent fees, building and pest inspections, etc.

This is general advice only and is a brief summary. For full details please click here and seek specific advice.

What? Rebate of stamp duty and foreign buyers duty for multi-tiered developments (apartments)
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How? Sign a pre-construction contract between 23 October 2019 and 23 October 2021
Sign a contract to purchase a new unit or apartment already under construction between 4 June 2020 and 31 December 2020

This is general advice only and is a brief summary. For full details visit click here and seek specific advice.

How much? $25,000

How? Sign a contract to build a new home or substantially renovate existing home.

When? Contract entered into between 4 June 2020 and 31 December 2020. Construction must be started within 3 months of signing the contract

This is general advice only and is a brief summary. For full details click here and seek specific advice.

How much? $20,000

How? Enter into a contract to build or purchase a house being constructed (off-the-plan)

When? Contract entered into between 4 June 2020 and 31 December 2020

So you and your partner are going your separate ways, and after negotiations, legal advice, court orders, and all that jazz, it is decided that you will be taking over the mortgage.

“I can just ‘take them off’ the mortgage, right?” Wrong.... In Australia, you must refinance your current home loan from joint names into your sole name. This requires a full application for finance, including an updated valuation on your property, to ascertain your equity position, and verification of your income and a serviceability calculation to ensure you can afford the repayments on the loan by yourself.