Buying a property for the first time is an exciting time, however some people believe it can be a daunting experience. Being Probo we ‘keep it simple’, and we understand that there are many loans and the whole process can get quite confusing. We have access to, and can compare hundreds of loan products within minutes. More so, we’ll explain it to you in plain English.

The First Home Owner Grant (New Homes) scheme (the Scheme) was established to assist eligible first home owners to purchase a new home or build their home by offering a grant. The grant amount is determined by the date of the eligible transaction. This is the date of the contract to purchase a new home or contract to build a home. For an owner builder, the eligible date is when the building work commences.

For eligible transactions made on or after 1 January 2016, the grant amount is $10,000.

It has never been better to be a First Home Buyer. These days you may be eligible for some Government Concessions and the Banks have really begun to provide flexible lending policies that make it easier to finance a home.