Understanding How Home Grants Work! - With John and Nicola Kefalianos

Understanding How Home Grants Work!     What if we told you, you can get free money from the government as a first time home buyer?   Yes, you heard that right! You can get a first home owner's grant depending on where you live in Australia. The kind of grant you will get varies from state to state.   For instance, in New South Wales, you could receive a $10,000 grant if you purchase land and build or buy a new house priced up to $750,000, but in Victoria, they offer a similar $10,000 grant for new properties, but with different stamp duty thresholds.   Queensland stood out with a generous $30,000 grant for first home buyers, which is three times the amount offered in New South Wales and Victoria.   Consult with a broker to navigate these options effectively. They can provide insights into government guarantee schemes that allow for borrowing up to 95% without lender's mortgage insurance, which could be a game-changer.   To really get the full grasp on how first home owner grants work click on this episode right now!     Chat with John about how much you can borrow: [email protected]   Finance Lab: https://www.financelab.com.au/       Disclaimer: This podcast provides general information only and is not legal, financial, or professional advice. Listeners should seek personalised advice from licensed professionals for their individual circumstances. The hosts and guests are not liable for actions taken based on this content. Opinions expressed are those of the hosts and guests, not any official institution.See omnystudio.com/listener for privacy information.