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Building your first home is a truly exciting milestone that should be celebrated. While the journey can sometimes seem a little daunting, our home builders will work with you through each stage of your building process from finding the perfect design that suits your budget, to handing over the keys to your very first new home. Take a look at our handy tips, tricks and information to help you along the path to building a first home that’s better than you ever imagined.
As of July 1, 2019, first home buyers in the ACT are not required to pay stamp duty on any residential property, including vacant residential land and both new and established homes, providing their annual household income is less than $160,000. In order to pay no stamp duty on your new home purchase, you must meet the eligibility criteria:
|Dependent Children||Gross Income|
|Number of dependent children: 0||Total gross income threshold: $160,000|
|Number of dependent children: 1||Total gross income threshold: $163,330|
|Number of dependent children: 2||Total gross income threshold: $166,660|
|Number of dependent children: 3||Total gross income threshold: $169,990|
|Number of dependent children: 4||Total gross income threshold: $173,320|
|Number of dependent children: 5 or more||Total gross income threshold: $176,650|
Eligible Australians can now receive grants of $15,000 to build their new home, or substantially renovate their existing property under the Federal Government’s new HomeBuilder scheme.
The stimulus was created to help first home buyers enter the property market, assist those who have been looking to enter the property market, and help the residential construction industry bounce back following the COVID-19 pandemic.
HomeBuilder can be used in conjunction with existing State and Territory First Home Owner Grant programs, stamp duty concessions and other grant schemes.To be eligible for the HomeBuilder grant you must:
Our extensive suite of calculators is the perfect tool to help you gain a better understanding about your financial position and is a great starting point when considering your various finance options.
What is your current borrowing power?
Your regular repayments based on your loan amount.
Compare two different loans to determine which is best for you.
Determine the estimated stamp duty required for your new home.
How long will it take you to reach your savings goal?
How might you benefit from an offset account?
Estimate all your potential costs to buy a new home.
Compare how beneficial it is to buy or rent over an extended period.
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Narrow home designs have come a long way - and with it, the mentality behind it is also changing. While people may have previously felt a bit claustrophobic at the thought of buying and living on a small or narrow block of land, the truth is that it can be a great purchase for many reasons. You may be pleasantly...Read More
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I definitely recommend Hotondo for anyone looking to build, in the long run I could see that it was more worth my time building a home than buying one. It suits our current lifestyle perfectly and we look forward to building again someday!Fairley – Leeton, NSW
We love the quality of materials used and the little details that make our home different from others. Though we don’t have a big house, we feel like living in 5-star accommodation because of the quality inclusions. Hotondo Homes Toowoomba nailed the floor plan that we wanted, and we had a lot of compliments from friends about it. Steve really listens to what the clients want. Maybe a bit pricier than other builders, but it’s really worth it given the quality of the home.Kristian – Toowoomba, QLD
This is my first build and I am completing it on my own, I cannot recommend Donna enough for the help, guidance, professional work and extremely timely response to my 10,000 emails and phone calls. Best of all if she didn't know she would find out and give me all the information I needed to make a decision. My build is starting way before I thought it would and the team has worked very hard to get everything sorted on time.Jess – Jimboomba, QLD
This was our first new home build and what we thought was going to be a nerve-wracking experience turned into a pleasurable journey. From our first meeting with Jimmy to our day of colour selection with Julie everything, everything was seamless. The office staff were extremely friendly and helpful, and our site manager Dustin was a pleasure to work with as were the tradies. I would highly recommended Hotondo to anyoneBrett – Albury Wodonga, NSW/VIC