Don’t rule out property investment until you’ve done the numbers. You’ve read the books, magazine articles and reports. And you’ve been religiously checking real estate websites for properties. But when push comes to shove, you never follow through. Don’t worry, you’re not alone. In fact, despite real estate being a national pastime, only 8.4% of Australians, or roughly 2.1 million people, owned an investment property, according to the Australian Tax Office.
One of the best ways to get financial assistance with a first-time purchase is using government grants. But depending on where you buy, you’re going to face very different requirements and receive very different amounts.