There are a lot of things to worry about when moving into a new home. It's even more stressful finding your first piece of Belconnen real estate – there are a lot of different aspects to take into consideration. But one of the most daunting is the idea of saving up a huge 20 per cent deposit to secure a home loan and begin moving into the market.
However, the Australian Capital Territory government offers funding for first time buyers to facilitate their purchase. Known as the First Home Owners Grant, this could be a stepping stone to securing your own home.
If you're looking into building your own home or buying a new property, you could be eligible to secure $12,500 from the state government to put toward your purchase. However, this funding isn't available for established houses, so keep this in mind before applying for the fund.
This is a great way to jumpstart your property goals and help you get into your own property faster. Get in touch with a local real estate agent to begin discussing the various options in the local area available to you and start working toward buying your first home today.