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FIRST HOME OWNERS GRANT GENERAL INFORMATION
The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation.
Under the scheme, a one-off grant of up to $7000 is payable to first home owners that satisfy all the eligibility criteria.
FIRST HOME OWNER GRANT CHANGES
The Australian Government has announced a First Home Owner Boost, which supplements the State & Territories Government funded First Home Owner Grant Scheme.
According to the announcement from the Australian Government:
- First home buyers who purchase established homes will receive a boost of $7000 that will double the grant to $14,000
- First home buyers who build a new home or purchase a newly constructed home will receive an extra $14,000 to take their grant to $21,000.
As soon as more information is available it will be posted on this page.
FIRST HOME BENEFITS
If you are buying or building your first home, you may be eligible for benefits under the First Home Owner Grant Scheme and/or the First Home Plus Scheme.
The First Home Owner Grant Scheme is fully funded administered. The Scheme was established to assist eligible first home buyers to purchase their first home by offering a First Home Owners Grant.
The First Home Plus Scheme provides generous exemptions or concessions on transfer duty for eligible first home buyers. This includes vacant land on which you intend to build your first home.
There are no income or assets tests to qualify for the benefits.
For more information please click here
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