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The 25 000 first time homebuyer grant has been helping make home ownership a reality for many Australians since its introduction. This grant helps to ease some of the financial pressures of taking out a home loan and reducing the amount of money that needs to be borrowed from the bank.

A great benefit of the grant is that it is available to any first time homebuyer, no matter their financial circumstances. Those who are on low incomes, single parents or even recent university graduates are all eligible for the grant. It is also important to note that the grant isn’t just applicable to purchasing a home, it can also be used for renovations, adding equity to your mortgage or a host of other options which could reduce the initial out of pocket costs.

The grant doesn't limit your choice when it comes to home ownership either, as it is valid for both new and existing dwellings. This means a purchaser doesn’t have to sacrifice the features they want in their home in order to qualify for the grant. This ensures homebuyers remain competitive when it comes to purchasing a property, making the process simpler and more affordable.

For the seller, the grant can act as an incentive for getting their property on