Posted September 12, 2018 09:30:52When it comes to buying a home or rental property, the key is to take advantage of a variety of incentives and discounts that are available to you.
Here’s how to find out which deals are available.
In Australia, there are a variety in terms of what incentives are available depending on where you live and the size of your home or property.
These include:If you’re renting:In Sydney, a $5,000 bonus is available to first-time homebuyers in most areas and the same applies to second-homebuyers.
This offer applies to first homes and second homes.
The bonus is worth $4,000, with the difference in cash and property costing the same.
A $20,000 loan can also be available for first-timers, with that amount being worth $10,000 if you’re in a low-to-moderate income bracket.
In Melbourne, there’s a $30,000 home loan that can be used towards the purchase of a home, with a $15,000 down payment and no down payment requirements.
In Sydney’s inner-city suburbs, there is also a $25,000 grant for first homebuyer buyers in areas like Cairns, Darling, Kensington and Parramatta.
In Perth, there isn’t a grant for new homebuyrs in the inner-urban areas of the city, but you can apply for a loan from the local government or bank for a minimum of $30.
A loan of up to $10 million is also available for new homes in inner-west Sydney, but the difference between the amount and the minimum down payment is $1.5 million.
In regional areas, there can be a significant discount on a home loan if you have a mortgage, but it can be far more expensive for a first home.
For example, if you buy a home in Sydney’s outer-west, the price you pay will be significantly less than a first-home buyer in a more northern region.
You’ll find an extensive list of discounts and incentives in the Australian Bureau of Statistics’ (ABS) home loan calculator.
There are also a number of other benefits to having a home that are unique to your region.
For example, you may be eligible for a discount on your mortgage payment if you are a student, or if you work from home or work from a remote location.
There can also always be a discount for purchasing a home with your children.
A home loan with a family of four is worth between $50,000 and $90,000 depending on your income, but this is usually lower than if you live alone.
A home loan can help offset the cost of your mortgage, with up to a 50 per cent discount for first time buyers in most regions.
Aboriginal Affairs and Northern Territory also offers a mortgage interest deduction on the first home you buy if you or your partner are Aboriginal.
The amount you can borrow varies depending on the income bracket and the loan amount.
The minimum downpayment can range from $2,000 to $5.4, depending on what area you live in.
You can apply to get a loan with up-front payments of up- to $1 million and a 5 per cent down payment.
The loan amount varies depending upon your income bracket, but a 10 per cent deposit is required.
In NSW, there may be an additional discount for the first time buyer if you earn between $80,000 – $150,000 a year.
You may also qualify for a home grant if you can demonstrate financial stability and meet a number