{"id":25705,"date":"2020-06-11T13:05:53","date_gmt":"2020-06-11T01:05:53","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=25705"},"modified":"2020-06-11T13:05:53","modified_gmt":"2020-06-11T01:05:53","slug":"this-is-how-much-money-the-government-is-giving-first-home-buyers-to-buy-or-build-new-state-by-state","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/this-is-how-much-money-the-government-is-giving-first-home-buyers-to-buy-or-build-new-state-by-state\/","title":{"rendered":"This is how much money the government is giving first-home buyers to buy or build new, state by state"},"content":{"rendered":"

PHOTO: The grants and exemptions available to first-home buyers range from $25,000 to nearly $70,000.\u00a0Photo:\u00a0Leigh Henningham<\/span><\/strong><\/p>\n

First-home buyers in every state of Australia already had cash incentives to build or buy a new home but last week the stakes got considerably higher.<\/p>\n

When the federal government revealed its $25,000 HomeBuilder<\/a> grant\u00a0in a bid to boost the economy, throwing a lifeline to the home construction industry, it wasn\u2019t designed to be used in isolation.<\/p>\n

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That $25,000 can be accessed on top of any existing grants or exemptions and, while these differ state by state, these grants could be a game-changer, says\u00a0Damien Ross, general sales manager at QM Properties.<\/p>\n

\u201cFor some first-home buyers, this will be their only opportunity to get into the market. Saving this kind of money takes most people years,\u201d he said.<\/p>\n

On Sunday came the news that first-home buyers in Western Australia could receive $55,000 in government assistance if they build a new home, thanks to a bonus $20,000 that the state government is going to tip in on top of HomeBuilder.<\/p>\n

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