Australians face higher mortgage costs with another rate hike all but certain Source: Getty Images
Escalated property prices across Australia make it more difficult for first home buyers to enter the market. But with government assistance the dream of owning a home can become a reality. The First Home Owner Grant offers a chance to get a foot in the door earlier. Almost 20 years ago, Australia launched a national scheme to assist first timers to get into a home of their own. Under the scheme, first home buyers who purchase or build a residential property to live in, receive a one-off grant which is not means-tested.
Escalated property prices across Australia make it more difficult for first home buyers to enter the market. But with government assistance the dream of owning a home can become a reality. The First Home Owner Grant offers a chance to get a foot in the door earlier. Almost 20 years ago, Australia launched a national scheme to assist first timers to get into a home of their own. Under the scheme, first home buyers who purchase or build a residential property to live in, receive a one-off grant which is not means-tested.
