First Home Buyer - Tam
MEET THE TEAM
First Home Buyer - Tam
Meet Tam, a first-time property buyer from Melbourne who was eager to take advantage of available grants and concessions. With dreams of finding a new home close to his work in the city, Tam reached out to One Central Property for expert guidance on navigating the complex property market. Our team was thrilled to assist Tam in turning his property aspirations into reality.
Strategic Savings
We successfully negotiated $25K off the asking price of Tam’s chosen property, excluding grants and concessions.
Maximized Grants and Concessions
Tam benefited from a $25K Home Builder Grant, a $10K First Home Owner Grant (FHOG), and a stamp duty concession that resulted in approximately $30K in savings.
Successful Purchase
Tam’s purchase price was $587,000 before discounts, which effectively reduced to $527,000 with the application of grants and concessions, and without paying stamp duty.
Client Situation Before Purchase
Before reaching out to us, Tam had never bought a property and was looking for professional guidance to make the most of the grants and concessions available to first-time buyers. Residing in Melbourne, he wanted a property that was close to his current home and workplace in the city, with easy access to public transport.
- We evaluated Tam's borrowing capacity and conducted thorough checks to ensure he qualified for all relevant grants and concessions.
- Our team identified a property that met Tam's criteria—a new two-bedroom apartment near the city with convenient transport links.
- We negotiated a $25K reduction from the asking price, not even considering the additional savings from grants and concessions.
- The property was secured, and within 12 months, it was completed, ready for Tam to move in.
Results and Next Steps
Tam is now happily living in his new home and is thrilled with the outcome of his first property purchase. With a solid foundation in place, Tam is excitedly planning to expand his property portfolio by purchasing his first investment property. We look forward to supporting him on this next exciting chapter of his investment journey.