First Home Buyers

First Home Buyers


“I wish someone would make everything easier for first time buyers.”

Buying a block of land and building a home has always been the Great Australian Dream, and Providence is the ideal place to make that dream come true. Over the next twenty years Providence will become home to more than 20,000 people, all living, working, playing, shopping and going to school in the biggest town in the Ripley Valley. And now is the perfect time to buy and put down roots here. 

There are some great incentives currently available for first homebuyers including 

  • $15,000 First Homebuyers Grant

  • $25,000 Homebuilder Grant

  • First Home Loan Deposit Scheme 

  • Stamp Duty Concessions 

Speak to our Sales Team to find out more. 

$25,000 HomeBuilder Grant

The Federal Government has just released details of its latest stimulus package which will see all buyers (including first home buyers) receive a $25,000 grant to help build their new home.

With a range of other incentives and grants currently available, plus low interest rates and growth predicted, there has never been a better time to get on the property ladder at Providence in the Ripley Valley.

Find out more 

First Home Loan Deposit Scheme

From 1 January 2020, the Australian Government is introducing a First Home Loan Deposit Scheme that will enable eligible first home buyers to buy a new home with a deposit of as little as 5%.

The scheme is aimed at individuals earning up to $125,000 per year, or couples earning up to $200,000, and grants are limited to just 10,000 applicants. So visit Providence as soon as possible and make sure you’re grant ready. 

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First Home Owners Grant

The Queensland First Home Owners’ Grant helps first home owners get into their new first home sooner.

If eligible, you’ll get $15,000 towards buying or building your new home.  To receive this First homebuyers Grant, you must be:

  • you at least 18 years of age?
  • Are you an Australian citizen or permanent resident (or applying with someone who is)?
  • Are you buying or building a new home?
  • Is the value of the home and land less than $750,000?
  • Try the eligibility tester to find out if you may be eligible for the Queensland First Home Owners’ Grant.

find out more 

4 reasons why buying your first home has never been easier.

  1. Transfer Duty concessions.

    The Queensland Government is offering eligible first home buyers a transfer duty concession on homes valued under $550,000* that can save you up to $15,925. 
  2. Record low interest rates.

    Interest rates are at their lowest level in decades. Three of Australia’s four largest banks now offer fixed home loan interest rates below 3%, and some economists are predicting further cuts in 2020.
  3. Access to super.

    The Australian Government’s First Home Super Saver scheme allows eligible first home buyers to use their superannuation as a tax-effective way to save for part of their home deposit.
  4. Great deals at Providence.

Right now there are some fantastic deals on house and land packages at Providence. Click on the link to find the one that’s right for you. 

House & Land Packages under $396,900

Finances for first home buyers.

With strong government incentives on offer and interest rates at an all-time low, now is a great time to buy. So the first thing you need to know is how much can you afford to borrow? Before you talk to your bank, credit union or home loan broker it’s a good idea to make a list of the things you’ll need to take into account:

  • Your income (yours and your spouse’s)
  • Other loans (amount owning, repayment amounts)
  • Savings you have on hand as a deposit and savings history for the past 6 months (with Bank statements)
  • Your assets
  • Your general living expenses
  • Your employment details (company details, duration of employment)

Top tips for first home buyers.

With your budget set, you’re good to go! It’s time to get excited as the fun of finding your ideal block of land and home design begins. 

Key things to consider include:

  • Take your time and visit all of the homes in the Providence display village. With 29 different homes on show it will give you a great feeling for the style of home that best suits your needs and personal style.
  • The critical dimension of a block is the frontage width. As well as the popular 32m deep blocks, Providence offers 28m deep blocks that will stretch your budget further. A two storey home can often enable you to buy a smaller block and still have a spacious home.

A great first step is to come in to the Providence Sales Office. The helpful staff will give you an overview of your options, listen to your needs and help you find a location and home that’s perfect for you. 

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