First Home


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First Home

A private residence purchased by a person who has never previously purchased a residence. Buying a first home is considered a major accomplishment as it gives one a stake in society and in the prosperity of the area where one lives. A first home may also be subject to favorable tax treatment.
References in periodicals archive ?
The Labor Governments Homes for Victorians package has already helped thousands of people take advantage of generous stamp duty reductions to purchase their first home.
Much of the $20,000 down payment and closing costs came from the equity from the sale of Brigman's first home.
Craig Donaldson, head of mortgage products at Halifax, said: "While young women are enjoying their new found financial freedom, young single men are not only choosing to leave the parental home at a later age, live in shared, rented accommodation longer, but are buying their first home later.
Mr Pitt said the Palaszczuk Government remained committed to helping Queenslanders into their new first home sooner.
Buying your first home can be an overwhelming task; the state of California must find ways to make that arduous task a little easier.
First home buyers across regional Victoria are benefitting from stamp duty relief and the doubling of the First Home Owner Grant (FHOG), which came into effect on 1 July.
Contributing to the down payment on a first home is a great gift idea for newlyweds, a new college graduate, or a young person returning home after military service.
Created in 1975 as the state's affordable-housing bank, the agency has helped more than 130,000 families buy their first home.
The second full year of the scheme has seen 15,400 first home buyers assisted with $75 million of grants, an increase of $10 million over the previous year.