First Home Owners Grant Changes

For all prospective first home owners, there have been a few changes this month to the NSW and Federal Governments First Home Owners GRant (FHOG).

The total First Home Owners Grant for established homes is now $10,500, while for new homes the total is now $17,000. These amounts are due to reduce further after the 31st December 2009, which you can refer to by visiting the NSW Governments webpage. Commentators are speculating with the reductions in the FHOG, property in the lower end of the market should reduce slightly in price, which is great news for prospective buyers!

If you are interested in how much can you borrow, what sort of deposit is required or what will my repayments be check out the range of calculators available to you. Or if you are ready to purchase you can also apply online through our webloans.

October 12th, 2009 | Leave a Comment »