Buying a Home

Thinking about buying

So you've decided to buy a new house- a few questions immediately spring to mind. Firstly, are you eligible for the First Home Owner Grant and how do you apply for it? Secondly, do you want to buy a house on your own or in partnership with someone else such as your spouse, another family member or friend? Find out more about buying a house with someone else and the First Home Owners Grant in this section.

• First home owner grant
• Buying a joint property

First home owner grant

If you're a first home buyer, you may get a helping hand from the Federal government, in the form of the First home owner grant, which is equivalent to a tax-free grant of $7,000.

Below you'll find the web address for your state/territory office of revenue. They can provide you with the latest information on the First Home Owner Grant, including eligibility requirements and application forms.

• NSW - www.osr.nsw.gov.au
• SA - www.revenuesa.sa.gov.au
• Vic - www.sro.vic.gov.au
• Tas - www.treasury.tas.gov.au
• ACT - www.act.gov.au
• WA - www.dtf.wa.gov.au
• Qld - www.osr.qld.gov.au
• NT - www.nt.gov.au

Buying a joint property

An increasing trend is for people to buy joint property by pooling their resources with friends, family or compatible acquaintances. The main benefit of buying a joint property is it can provide you with the means to enter the property market.

ING DIRECT is a division of ING Bank (Australia) Limited ABN 24 000 893 292 AFSL 229823.