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First Home Owner Grants: How can these help you secure Belconnen real estate?

By Ben Faulks

Securing a slice of Australian property is a main goal for many people across the nation. There are a number of opportunities available to people nowadays for Belconnen real estate that could satisfy the needs of any number of buyers – from small families through to young professionals and more. 

But as first time buyers, it can be difficult to make the move into the market. After all, saving up for a deposit is a long process that can seem disheartening. However, many states across the nation offer a First Home Owner Grant to help buyers purchase their first home – and the Australian Capital Territory is no exception.

Since 1 September last year, first home buyers have access to $12,500 fund for new or substantially renovated homes. This can then be put towards their deposit, helping to reduce the amount of time spent saving up. 

This fund only applies to new or renovated homes, however. Established – or lived in – properties are off the table when it comes to utilising the government's First Home Owner Grant, which can help narrow your property search in the long term. 

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