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First home buyer assistance account - a summary

15/7/2020

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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.
How much? Up to $2,000

What? This will cover incidental expenses on your first purchase such as legal and application fees

Limits? Purchase up to $400k including established, partially completed and off-the-plan, excluding new builds
Must be a first home buyer
Purchase must be through a licenced agent
You must intend to live in the house for the first 12 months
The purchase must be financed through a bank

Who? First home buyers

Apply? Within 90 days of the offer to purchase. Click here for the application form.
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  • About Us
    • Our Team
    • The Lending Process
    • Our Panel of Lenders
    • Privacy Policy
  • Home Loans
    • First Home Buyers
    • Loan Repayment Calculator
    • Budget Planner
  • Refinance
  • Invest
  • Business Loans
  • Credit Impairment
  • Resources
  • Contact
    • Covid-19 Hardship Contacts