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Finally details on the federal Gov $25,000 grant. Answers a lot of questions. Hopefully now lenders will be able to come out with their expectations soon.
Economic Response to the Coronavirus
HomeBuilder update
The Commonwealth is pleased to announce that Tasmania is now a signatory to the HomeBuilder National Partnership.
Legislation is expected to be considered this week by the Tasmanian Parliament to allow for Tasmania to implement the Commonwealth Government’s $25,000 HomeBuilder Grant and the Tasmanian Government’s Tasmanian HomeBuilder Grant of $20,000.
Further information on eligibility and application processes for those wishing to access the Commonwealth and Tasmanian HomeBuilder grants will be made available shortly through the Tasmanian State Revenue Office.
To register your interest in either grant please sign up to the State Revenue Office email update service (and tick the Government Announcements checkbox which includes updates about the HomeBuilder grants).
Economic Response to the Coronavirus
HomeBuilder update
The Commonwealth is pleased to announce that Tasmania is now a signatory to the HomeBuilder National Partnership.
Legislation is expected to be considered this week by the Tasmanian Parliament to allow for Tasmania to implement the Commonwealth Government’s $25,000 HomeBuilder Grant and the Tasmanian Government’s Tasmanian HomeBuilder Grant of $20,000.
Further information on eligibility and application processes for those wishing to access the Commonwealth and Tasmanian HomeBuilder grants will be made available shortly through the Tasmanian State Revenue Office.
To register your interest in either grant please sign up to the State Revenue Office email update service (and tick the Government Announcements checkbox which includes updates about the HomeBuilder grants).
Are you interested in buying land at the moment. Have the 5% saved but still short on the settlement costs. I have a lender who is lending up to 95% plus LMI premium for land no restriction on when to build. Can then save more and use grants to build, should bring the loan down under 95% giving a better rate. For example, on a $200.000 purchase, the usual loan max is 95% including LMI premium. requires a min of $10,000 6 mths genuine savings and the total required funds are $23,500. With the loan offering 95% plus LMI premium, the minimum funds required will be $18,550, includes the $10,000 genuine savings. any funds over the 10,000 can come from any where, gift, sale of vehicle etc. This lesser requirement could be all that is stoping you from entering the market now. Call me if you need any more information. Allan Faint 0407316648.
Contact Details
Phone
(03) 6231 5255
Email
allan.faint@hfca.com.au
Opening Hours
Monday – Friday
9:00 am – 5:00 pm
Saturday & Sunday
By appointment only.