Purchase of your first home in Queensland can be one of the greatest investments you’ll ever make, so it is vitally important that you are aware of key aspects and steps involved. Below are a few essential considerations that will assist with this journey:
Budget planning for buying a house in Queensland is essential to narrow your search and view properties within your price range. Use our calculator as an estimate of how much deposit is necessary. Speak with a mortgage broker and conduct comprehensive title searches as additional steps should also be taken to make sure the property can fit within your means.
Queensland government grants offer first home buyers in Queensland several assistance grants that help ease the cost of purchasing their first property, with one such grant offering eligible buyers either $15,000 or $30,000 towards purchasing or building their Queensland home before mid-2025. Take advantage of it quickly before its availability ends!
To qualify for the Qld First Home Owners Grant, applicants must be 18 or over, first-time buyers in Australia, and purchase or build an affordable residential dwelling valued below $750,000 – such as houses, units, duplexes, townhouses or granny flats built on relatives land as well as off-the-plan purchases and contract to build transactions.
Your must also be a permanent resident of Australia and not own any residential property at the time of applying. Furthermore, if applying for the first home buyer’s grant and intending to use your new home as your primary residence for at least 6 months after settlement.
As part of your homebuying experience in Queensland, it is advised that a professional conduct a detailed inspection on any prospective properties you are interested in prior to committing or signing contracts. A professional inspection can identify any potential issues with the property and help negotiate accordingly with its vendor; additionally they will provide written reports as evidence in court should any problems arise with it.
Prior to signing any contracts, it is crucial that you consult a mortgage broker and perform extensive title searches to protect yourself against any legal issues with the property and ensure you can afford its purchase.
Selecting an agent who can guide your first home purchase successfully is of utmost importance and LJ Hooker has all of the local expertise and knowhow necessary to find you your dream home. Get in touch today so we can arrange an appointment.
Comments are closed