A Question on Queensland Property: How Do I Get a First Home Owner Mortgage?
What's great about choosing to live in Australia is that anywhere you go, you will receive that much-needed financial assistance when it comes to buying a house for the first time. And should you find yourself in Queensland, you know that you can rely on the $7000 grant that's meant to relieve you of the home ownership tax's effects.
The First Home Owner Mortgage is given by the Queensland government, and Australian citizens and permanent residents can receive this sum if they meet the all the requirements. The mortgage is strictly given to first time home buyers. If you're buying a house for a company, and if you've owned property after the date of July 1, 2000, then you can't qualify for this amount. You must also be 18 years old or older when you apply for this mortgage loan. You may be awarded this sum regardless of your income and the price of the home you wish to build or purchase. But once the construction or sale of the house is final, you must live in it for six straight months within the year of its completion or purchase.
The rules given by the Queensland government when it comes to this mortgage loan are quite simple to follow, but there are disqualification conditions that you must know. You must finance your first house purchase by yourself and you may not receive assistance from related individuals. Also, if you apply for this grant just for the sake of earning it but with no intention to get a house, then you are disqualified, too. For more inquiries about the First Home Owner Grant, you may consult with the Office of State Revenue.
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