First Home Owners in Colac – Escape the Rent Trap today!
Building is a great option for first home owners.
1. First Home Owners Grant
The $20,000 Victorian First Home Owners Grant is only available to people building a brand new home or buying a brand new never been lived in before house in Regional Victoria. Learn all about First Home Owner Grants in Victoria here.
2. You will save money by building
If you are thinking of buying a brand new home to get the First Home Owners Grant remember this: No one builds a new house and puts it on the market to break even or to lose money. They do it to make money! Building is like buying wholesale in that often your finished home will be worth more than what it cost you to build it. Don’t make money for someone else, make it for yourself! What you save by building could furnish your whole house!
3. Huge Stamp Duty Savings!
First Home Owners currently pay no Stamp Duty where a property is worth less than $600,000. It’s important to note that no one (even existing home owners) pays Stamp Duty when they build a home anyway. Stamp Duty can only ever be calculated on the value of the property that is being transferred and when it comes to building, that is the value of the land alone. You don’t pay Stamp Duty on the cost of the house and it is not being transferred from one owner to another, you are the creator. The money you can save in Stamp Duty alone can be one of the single biggest savings you’ll make just by choosing to build! To learn more about Stamp Duty and how it can save you $$$ visit our Blog : Stamp Duty – The Single Biggest Saving You’ll Make
So now you know why building is the smart choice for First Home Owners. If you’ve decided to build, great choice! Read our Top 10 Tips for Home Building here.