Purchasing your first home can be both an exciting and stressful experience. Angelique and Kerry can help make the whole process easy and do all the hard work for you.

Here are a few things to think about to help get you started:
  • How much deposit do you need?
  • Do you have a regular savings plan?
  • If you don’t have a deposit would your parents consider doing a family guarantee?
  • How much can you afford?

If you aren’t sure where to begin make an appointment with Territory Loans and we can help you with a plan to purchase your first home.

First Home Buyer - Purchasing a New Home

PURCHASING A NEW HOME IN THE NORTHERN TERRITORY

If you are purchasing or building a brand new home to live in the Northern Territory there are a number of grants you may be eligible for to help you get into the market. A new home is one that has never been previously lived in or sold as a place of residence. You may be eligible for the following:

$10,000 First Home Owner Grant (FHOG)
https://nt.gov.au/property/home-owner-assistance/first-home-owners/first-home-owner-grant

$20,000 Build Bonus Grant
https://nt.gov.au/property/home-owner-assistance/buildbonus-grant

Up to $18,601 stamp duty concession – Territory Home Owner Discount (THOD)
https://nt.gov.au/property/home-owner-assistance/territory-home-owner-discount

$2,000 Household Good Grant
https://nt.gov.au/property/home-owner-assistance/first-home-owners/household-goods-grant-scheme

First Home Buyer - Purchasing an Established Home

PURCHASING AN ESTABLISHED HOME IN THE NORTHERN TERRITORY

If you are purchasing an established home to live in the Northern Territory and it will be your first home you may be eligible for the following grant:

Up to $18,601 stamp duty concession – Territory Home Owner Discount (THOD)
https://nt.gov.au/property/home-owner-assistance/territory-home-owner-discount

Up to $10,000 Home Renovation Grant
https://nt.gov.au/property/home-owner-assistance/first-home-owners/home-renovation-grant

First Home Loan Deposit Scheme (FHLDS)

The First Home Loan Deposit Scheme provides a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5% without needing to pay for lenders mortgage insurance.

https://www.nhfic.gov.au/what-we-do/fhlds/