If you are a First Home Buyer in Darwin and the Northern Territory we will smooth the way to home ownership, as we have an understanding of government grants and lender policy.
There are a number of ways to purchase a property using a Darwin home loan. If you live outside of Darwin we can help across the whole Northern Territory to achieve your property goals.
We will meet you at a time and place that suits you for a no obligation, no cost, meeting. At that meeting we can establish what subsidies you may be eligible for.
BuildBonus grant - $20,000 for the first 600 people to build a new home in the Territory
If you are buying or building a new home in the Northern Territory, you can apply for a grant of $20,000.This grant is limited to the first 600 applications. A new home is one that has never been previously lived in or sold as a place of residence. To be eligible for the grant, you must have entered into a contract to build or buy a home, or have started construction as an owner builder on or after 8 February 2019.
First home owner grant for purchasing or constructing a new home
From 7 May 2019, if you are buying or building a new home, you can apply for a First Home Owner Grant (FHOG) of $10,000. You may also be eligible for the BulidBonus grant and the Territory Home Owner Discount. A new home is one that has never been previously lived in or sold as a place of residence.
Territory home owner discount - stamp duty concession of up to $18,601
If you are buying an established home, a new home or land to build a new home in the Northern Territory (NT), you may be able to get up to $18,601 off stamp duty. The home must be your principal place of residence.
Home renovation grants - up to $10,000 for first home buyers
If you buy an established property as your first home, you may be able to get financial help to renovate or improve it. You can get up to $10,000 under the home renovation grant if you bought your first home after 1 September 2016. Applications for the home renovation grants close at 5pm on 30 November 2020.
Household goods grant - up to $2,000
If you buy a new property as your first home, you may be eligible to apply for up to $2,000 to buy household goods.
Armed with that knowledge we discuss your future goals and the big step of purchasing a home.
Next comes analysing your financial position, such items as work history, credit rating, family guarantee and anticipated changes in circumstances may be discussed.