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.
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.