If you’re building your first home, you may qualify for the First Home Owner Grant (FHOG), which is a one-off payment of $10,000 from the Western Australian Government. Your Mirvac sales consultant can provide you with more information about the application process.
The Western Australian Government also provides generous stamp duty concessions for first home buyers, which you may qualify for when purchasing vacant land. That means if you buy a vacant homesite at Meadow Springs for up to $300,000, you’ll pay no stamp duty.
To speed up the buying process, get your finance pre-approved and ask for a letter confirming the amount you can borrow. There are numerous finance options to choose from, depending on your income and deposit. Speak to you bank, home lender or mortgage broker to find the right loan for you.
Make the time to visit Meadow Springs and experience the many benefits of living in this picturesque, established community. While you’re there, your Mirvac sales consultant will answer all of your questions and help you select homesite that suits your lifestyle and budget.
Put simply, a land title is a legal document that specifies the legal description and owner of a piece of land. If the homesite you select at Meadow Springs is untitled it generally means the lot is still under construction, and your Mirvac sales consultant will let you know when the title is due to be issued so settlement can take place.
Settlement is the process by which the land title is transferred into your name. The process can be complex and time consuming, so you’ll need to choose a settlement agent/solicitor to take care of all the necessary paperwork.
In order to purchase your preferred homesite at Meadow Springs, you’ll need to complete an offer and acceptance contract with your Mirvac sales consultant. At this point, please bring along your finance pre-approval letter, settlement agent’s details and a $1,000 deposit that will be held in trust until settlement.
Choosing a builder and home design is one of the most exciting parts of the buying process. When comparing builders and designs, make sure you take into consideration the dimensions and orientation of your homesite as well as the design guidelines for Meadow Springs. If you prefer to take the guesswork out of building, you can choose from a range of
house and land packages that have been designed to complement this picturesque community.
For more information and to help you get on your way, view our first home buyers brochure here.