Home Ownership just got easier with up to $40K*^ in grants.
If you’ve been thinking about building a home, now is the time to take action!
The Federal Government’s new HomeBuilder Grant will give eligible Australians $25,000^ towards the cost of building a home.
Plus, if you’re also an eligible First Home Buyer you could access a massive $40K!*^ towards your new home build. That’s the $15K* First Home Owner Grant plus the $25K^ HomeBuilder grant together this is $40K*^.
This amazing new HomeBuilder Grant is only available for a limited time between 4 June and 31 December 2020.
Don’t miss out! Talk to a Playford Alive Sales Consultant today and we’ll help you on your way to home ownership.
Note: the Homebuilder Grant is in addition to the Playford Alive $10,000 Bonus Pack available on all land purchases at Playford Alive, find out more here
For more information and to check if you are eligible please visit:
*Eligibility criteria, terms and conditions apply please visit revenuesa.sa.gov.au for further details. ^ Eligibility criteria, terms and conditions apply visit treasury.gov.au/coronavirus/homebuilder
First Home Owner Grant*
First home owners building or buying a brand new home may be eligible for the $15,000 First Home Owner Grant.*
*Eligibility criteria, terms and conditions apply please visit revenuesa.sa.gov.au for further details.
First Home Loan Deposit Scheme
In addition to the Home Builder Grant and First Home Owners grant you may also be eligible for the First Home Loan Deposit Scheme. To find out more read on below.
The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase their first home sooner. The National Housing Finance and Investment Corporation (NHFIC) will release another 10,000 Scheme places for the next financial year from 1 July 2020. First home buyers are encouraged to contact a participating lender to find out how they can apply for a Scheme place.
Usually first home buyers with less than a 20 per cent deposit need to pay lenders mortgage insurance. Under the Scheme, eligible first home buyers can purchase a modest home with a deposit with as little as 5 per cent (lenders criteria also apply) without the requirement to purchase lenders mortgage insurance. This is because NHFIC guarantees to a participating lender up to 15 percent of the value of the property purchased that is financed by an eligible first home buyer’s home loan.
There are currently 27 participating lenders across Australia offering places under the First Home Loan Deposit Scheme.
The price cap in SA for capital city is $400,000 and $250,000 for other.
Visit the NHFIC website for the most up to date information