Does the thought of filling in the First Home Owners Grant Application, and providing all the required supporting documentation put you off before you even start? Well, you are not alone. Current statistics show that less than 20% of first home owners grant applications are lodged correctly the first time around.

Who is eligible for the First Home Owners Grant?

•  You must be an Australian citizen or a permanent resident of Australia.
•  You must be buying or building your first NEW home in Australia and you must have the intention of living in the home as your primary residence within 12 months of settlement. 
•  There are no restrictions as to your income or the area in which you plan to buy or build.
•  The value of the property being purchased is restricted to a maximum of $750,000.
•  However, if you are planning to purchase your first home with another person, you must both meet the eligibility requirements to receive the grant.

There are other factors that may also be relevant, so be sure to speak to Orchard Financial Group about the First Home Owners Grant; what your entitlements are and how we can help you apply for the Grant.