According to The
Universal Declaration of Human Rights drafted by the United Nations,
every person has the right to own
property. The Western Australian government highly values this
right, which is why they offer a substantial grant to all residents
who are about to purchase their first home.
The WA government
offers a grant of up to $10,000 to those who are having their new
home built (a $3,000 grant is available to those purchasing an
existing home). Furthermore, those who purchase vacant land along
with the home may be eligible for an exemption from stamp duty.
Are
you
eligible for this grant? Find out by asking yourself these questions:
Am I an Australian
citizen?
Long
story short, this grant is only eligible for Australian citizens.
Foreigners who have been granted permanent residence in Australia are
also eligible for the grant.
Have I owned
residential property before?
If you’ve purchased
residential property anywhere else in Australia, you lose your
eligibility for the grant. Renting property, on the other hand, keeps
you eligible.
How much is the
total value of my potential home?
Take
the value of both your potential home and the land you’re buying.
The total value shouldn’t exceed $750,000 if you want the full
$10,000 grant. If you are purchasing property north of the 26th
parallel (roughly 800km north of Perth), the total value shouldn’t
exceed $1,000,000 in total.
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