Government schemes, incentives and websites
Both Federal and State Governments often provide schemes and initiatives to make acquiring or building a home easier to achieve.
The First Home Owner Grant (FHOG) is a National scheme funded and administered by States and Territories to assist home buyers purchase their first home. Details of FHOG are available at http://www.firsthome.gov.au.
These schemes may change from time-to-time and may be available for only a limited period. Below is a list of the current Government and State schemes and incentives:
FHOG First Home Owner Grant;
FHLDS First Home Loan Deposit Scheme (in lieu of Lenders Mortgage Insurance);
Australian Government HomeBuilder Grant;
State HomeBuilder Bonus Grant;
State Stamp Duty Concessions.
The Australian Government website https://moneysmart.gov.au/ has useful resources and tools to manage money, plan for future, grow wealth, and reduce debt, including:
buying a house;
investor toolkit;
paying off mortgage sooner;
switching a home loan;
budget planner;
superannuation calculator;
financial advice;
saving for an emergency fund.