Government housing initiatives.
The Federal and Government has announced some changes to existing homebuilding schemes, making it easier to enter the property market.
With 35,000 additional spots for the First Home Guarantee, 5,000 spots for the Family Home Guarantee and 10,000 spots for the proposed Regional Home Guarantee, eligible customers will be able to purchase a home with a lower deposit whilst avoiding the expense of paying Lenders’ Mortgage insurance.
The existing $10,000 First Home Owners Grant and First Home Super Saver Scheme are also available options for first home owners.
As of 1st July 2023, the eligibility criteria for some schemes will open up, allowing you to apply jointly with friends, siblings and family members. Plus, Permanent Residents and non‑first home buyers who haven’t owned a property in the last ten years will now also have an opportunity to participate.
Our New Homes Consultants, in partnership with our in-house finance team Resolve Finance are here to assist you to navigate the government opportunities to see if you’re eligible.
$10,000 First Home Owners Grant*.
A $10,000* First Home Owner Grant is available when you buy or build your first new home. Your first home can be a house or townhouse.
- Must be valued at $750,000 or less and the home must be less than five years old.
- Be over 18 years of age
- Be an Australian Citizen or Permanent Resident
- Be planning to live in your home for the next six months
- Have never owned a residential property in Victoria or anywhere else in Australia
- Have never received the grant anywhere in Australia before
First Home Guarantee*.
With just a 5% deposit, eligible customers can now enter the market and avoid the cost of Lenders’ Mortgage Insurance. As of 1st July 2023 updated eligibility criteria includes Australian permanent residents as well as joint applications from friends, siblings, and various family members. Furthermore, non-first home owners who haven’t owned a property in 10 years are now also eligible to participate.
Please note: Limited to 35,000 places per year, income and property value limits apply and may be subject to change.*
Family Home Guarantee*.
Eligible single parents supporting a family can now benefit from the Family Home Guarantee, allowing them to purchase a home with a mere 2% deposit and without paying lenders’ mortgage insurance. As of 1st July eligibility criteria also includes Australian permanent residents and joint applications from friends, siblings, and various family members, making it more accessible to a wider range of potential homeowners who haven’t owned a property in 10 years.
Please note: Limited to 5,000 places per year, income and property value limits apply and may be subject to change.*
Regional First Home Buyer Guarantee*.
Eligible regional customers can build a home in a regional location with a 5% deposit, without paying Lenders’ Mortgage Insurance.
As of 1st July 2023, the Federal Government will also expand the scheme to include non-first home owners who haven’t owned a property in the last 10 years. Joint applications will also be accepted, allowing you to apply with friends, siblings or other family members.
First Home Super Saver Scheme*.
First Home Super Saver Scheme helps Australians boost their savings for a first home by allowing them to build a deposit within their superannuation.
You can use up to $50,000* (increased from $30,000) from your super towards your home loan, enabling first home owners to achieve their dreams of home ownership sooner.
Resolve finance.
Resolve Finance are our award-winning, in-house specialists – backed by the ABN Group. With over 80% of their business being construction loans and over 27,000 loans financed since their establishment in 1997, you can rest easy knowing your Boutique experience is in safe hands.
To ensure the smoothest process possible, our Resolve Finance brokers work in our office alongside your New Homes Consultant.
Why choose Boutique Homes.
We’re listening
Our customers are at the centre of everything we do. That’s why your feedback is sought throughout the build to ensure we’re on the right track, or if any improvements can be made.
Upfront, always
Building a home is complex, but it doesn’t have to be confusing. Our team will be clear and transparent about what’s included right from the start to give you peace of mind.
Raising the standard
We deliver beyond the standard. We only use quality materials and tradespeople with thorough supervision and quality control inspections throughout your build.
12 month assist
We offer a superior 12 month aftercare warranty so your new home has enough time to settle and experience all four seasons.
25 year guarantee
Our commitments don’t end when construction wraps. We stand by the quality of our homes and back each one with a 25 year structural guarantee.
Building homes since 1978
Proudly part of the ABN Group, we’ve been delivering superior service, design excellence and exceptional quality since 1978.
For more information on eligibility requirements, click here. Read the Treasury Media Statement here
For more information on eligibility requirements, click here. Read the Treasury Media Statement here
- Be over 18 years of age
- Be an Australian Citizen or Permanent Resident
- Be planning to live in your home for the next six months
- Have never owned a residential property in Victoria or anywhere else in Australia
- Have never received the grant anywhere in Australia before
For more information on eligibility requirements, click here. Read the Treasury Media Statement here
All Financial services provided by Resolve Financial Solutions Pty Ltd trading as Resolve Finance ABN: 65 079 545 378 Australian Credit Licence No. 385487.