How to Save Money for Big Goals: A Step-by-Step Plan

This guide breaks down how to build emergency funds step by step, no jargon, no stress. Keep reading to learn how to build a solid buffer that actually works for your budget..

In this post, we’ll walk you through the top 5 investment strategies for beginners to help you make confident, informed choices about your financial future.

In this beginner’s guide, we’ll walk you through the basics of financial planning and how it can set you up for long-term success.

You can stop renting and start building your future. Keep reading for Ultimate Guide to Saving for a Home Deposit

Refinancing an investment property isn’t just about getting a better rate—it’s a strategic move that can boost your financial position and open up new opportunities.

In this post, we’ll explore the key differences between buying an apartment vs house as an investment, helping you make an informed decision that suits your needs.

This article will tell you why choose mortgage broker for home loan that could be one of the best financial moves you make when refinancing. Let’s dive in.

Commercial real estate can be a great investment, but let’s face it—the price tag can be a deal-breaker. That’s where commercial property syndication comes in.

Saving for a first home isn’t easy, but the Australian government’s First Home Owner Grant (FHOG) can give eligible buyers a head start. This one-off payment helps with the cost of buying or building a new home, though the amount and eligibility rules vary by state. Knowing how it works could make a real difference to your budget. In this guide, we’ll break down how the grant works, who can apply and how to make the most of it. Let’s get started. What Is the First Home Owner Grant (FHOG)? The First Home Owner Grant (FHOG) is a government initiative that gives first-time buyers a one-off payment to help with the cost of buying or building a new home. It’s designed to make homeownership more achievable, but the amount you can get and the rules around it depend on where you live. Each state and territory sets its own eligibility criteria, including price caps on properties, the type of home you can buy and whether you need to live in it for a certain period. Some states offer extra incentives on top of the grant, like stamp duty concessions, so it’s worth checking what’s available in your area. If you’re a first-time buyer, this grant could be a handy boost to your deposit or upfront costs. Just make sure you understand the requirements before applying to avoid any surprises. Who Is Eligible for the First Home Owner Grant? Eligibility requirements generally include: You must be purchasing or building a new home, not an existing property. You must be an Australian citizen or permanent resident. You must be at least 18 years old. You (or your partner) must not have previously owned property in Australia. You must live in the home as your principal place of residence for a set period (usually 6-12 months). How to Apply Applying for the First Home Owner Grant typically involves the following steps: Check your eligibility – Visit your state or territory’s revenue office website. Complete the application form – This can usually be done through your lender or directly with your state’s revenue office. Provide supporting documents – Proof of identity, contract of sale and proof of residency may be required. Wait for approval – Processing times vary, but grants are usually paid at settlement or upon completion of construction. Other First Home Buyer Assistance In addition to the FHOG, first home buyers may be eligible for other incentives, such as: Stamp duty concessions – Some states offer reduced or waived stamp duty for first home buyers. First Home Super Saver Scheme (FHSSS) – Allows you to use voluntary superannuation contributions to help save for a deposit. First Home Guarantee (FHG) – A scheme that enables first home buyers to purchase a property with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI). Get Expert Guidance Navigating the first home buying process can be complex, but you don’t have to do it alone. At ALCHEMYFIN , our expert mortgage brokers can guide you through the process, helping you access grants and secure the best home loan for your needs. Get in touch with us today to start your journey to homeownership!