For any first home buyers in NSW, what are your thoughts on the New Homes grant?
I feel that anything new around greater metro Sydney comes with a stupid price tag, so by the time I get 15K and save on Stamp i'm left with a mortgage i can't afford.
I'm pre-approved for $420K, and want to buy a PPOR. Part of me feels that I can save $30K in expenses here with the grant, but if I do so I need to commit to something brand new and very expensive.
If I buy existing property, there's no help from anyone, and I need to fork out approx $15K in stamp duty. Which makes me feel like i'd be -$30K down.
Jut not sure which way to go - so would love some other FHB thoughts.
Cheers!
I feel that anything new around greater metro Sydney comes with a stupid price tag, so by the time I get 15K and save on Stamp i'm left with a mortgage i can't afford.
I'm pre-approved for $420K, and want to buy a PPOR. Part of me feels that I can save $30K in expenses here with the grant, but if I do so I need to commit to something brand new and very expensive.
If I buy existing property, there's no help from anyone, and I need to fork out approx $15K in stamp duty. Which makes me feel like i'd be -$30K down.
Jut not sure which way to go - so would love some other FHB thoughts.
Cheers!
