First Home Owner Grant - FHOG
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First Home Owner Grant
The FHOG provides assistance to Australian citizens and permanent residents when building or purchasing their first home; the amount eligible first home buyers receive (tax-free) is $7000.
Some lenders may allow you to use the grant to boost your home loan deposit, but note, - you will need to demonstrate at least some genuine savings as well.
To be eligible to receive the grant, the State Revenue Office must be satisfied that:
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You and your spouse/partner have not received a grant in any State or Territory of Australia.
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You and your spouse/partner must not have owned residential property, either jointly, separately or with some other person prior to 1 July 2000, in any State or Territory of Australia.
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You and your spouse/partner must not have occupied for a continuous period of at least 6 months, a residential property in which either of you acquired a relevant interest on or after 1 July 2000 in any State or Territory of Australia.
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You must be a natural person (not a company) and at least 18 years of age at the time of settlement or completion of construction.
Note that furthermore there is cut-off established by each
state as to the value of home you are allowed to purchase and still qualify for
the FHOG. For example if in NSW, your purchase must be under $750,000.
Please go to http://www.firsthome.gov.au/
to obtain full information of entitlements and obligations.
Express Enquiry
