There is usually quite a long process involved in securing this grant and the appropriate finance from your lender.
A lot of banks require a solid 3 months savings history so you may need to speak with your broker as soon as possible.
There are some excellent opportunities out there and I have not seen evidence that the grant has inflated prices. In fact, I’d say it hasn’t had a real effect on property prices. That is great news for first home buyers because you can genuinely get a $20,000 discount when you purchase. If you research carefully some builders are offering a further incentive of their own. These two bedroom units in Sorell attract a further $10,000 rebate. There are also some excellent blocks of land in all suburbs and builders are ready to go.
Please feel free to contact Martin for more information.