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Could WA’s First Home Owner Grant help you achieve your property goals?

By Kevin Kelly

First home buyers hoping to purchase real estate in Bunbury shouldn't forget about Western Australia's First Home Owners Grant (FHOG).

This government funding can be a massive help for those moving into the real estate market for the first time. 

The state offers $10,000 to buyers interested in building or buying a new home in the region, as well as providing stamp duty concessions for properties valued up to $430,000.

Buyers interested in established properties should get in early, as Real Estate Institute of Western Australia's president David Airey said the $3,000 funding for these houses is expected to end in the second half of 2015. 

"This means that potential first home buyers who are keen to buy an established home and enter the market over the next few weeks will still be able to access the grant for a while longer, and they should talk to their selling agent about this," said Mr Airey in a 23 May statement. 

However, Mr Airey reminded buyers about the Department of Commerce's Home Buyers Assistance Account.

This could provide first home buyer's with $2,000 towards the various costs associated with buying established property, including things like building inspections and mortgage insurance. 

If you're interested in buying a house in Bunbury, be sure to get in touch with a local real estate agent today. 

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