First Home Buyer/Owner

Here are five key points about first home buyers:

First-Time Home Purchase: First home buyers are entering the property market for the first time as homeowners.

Government Assistance: They often qualify for government incentives, such as the First Home Owners Grant, which varies by jurisdiction and can provide financial support or benefits.

Financial Challenge: Buying the first home can be a significant financial challenge, and these buyers may seek support to overcome the initial hurdles of homeownership.

Varied Eligibility Criteria: Eligibility for first home buyer incentives and grants may depend on factors like the property's value, the buyer's age, income, and residency status, and the property's intended use.

Promotion of Homeownership: Government initiatives and incentives for first home buyers aim to promote homeownership, making it more accessible and affordable for those entering the real estate market.