First Home Buyers’ Grants

First Home Owners’ 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.

To receive the FHOG, each applicant must comply with the eligibility criteria. Criteria for qualifying applicants and properties vary in each state and territory; recent changes also saw upper limits placed on the value of the property purchase.

First Home Owners’ Grant eligibility criteria

General eligibility criteria includes:

• Your application must be made within 12 months of completion of construction or settlement of the home
• You must be buying or building your first property as a person, not as a company or trust
• You or your spouse/co-purchaser must not have previously owned an interest in land in Australia prior to July 1, 200 that had a residence on it
• You or your spouse/co-purchaser must not have owned and occupied a home after July 1, 2000
• If you have purchased investment property/ies after 1 July 2000 as long as you have never owned property before 1 July 2000 and have never lived in the investment property/s, you may still be eligible
• Neither you nor your spouse/co-purchaser may have claimed this grant previously
• Commencement of building, in the case of owner-builders, must have occurred on or after July 1, 2000
• An eligible home must be located in Australia and be a new or established house, home unit, flat or other type of self-contained fixed dwelling that lawfully can be used as a place of residence
• An eligible home must be occupied by you as your principal place of residence within 12 months of construction or purchase of the home. There are minimum periods of occupancy required by each state or territory
• Joint applicants are restricted to a single application for a single property and only one payment of $7000 is made

First Home Buyers’ Grant – more information and help

Apart from your First Home Owners’ Grant and Boost, there are stamp duty concessions available in the different states and territories that help save you money. Your Loan Market mortgage broker can help you determine your eligibility for a FHOG and handle all the paperwork. Simply fill in the form or call us at any time on 13 LOAN or direct on +61 2 9249 3739.

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First Home Owner Boost

The First Home Owners Boost ceased on 31st December 2009.  However there are various separate state government funded First Home Buyer assistance schemes which still remain.

State-based grants and concessions

As a first home buyer you may also be eligible for a range of state-based grants and concessions. You may also be eligible for stamp duty discounts or exemptions.

First home buyers’ benefits by state summary

• First Home Buyer Grants in Australia
• First Home Buyer Grants Northern Territory
• First Home Buyer Grants New South Wales
• First Home Buyer Grants Queensland
• First Home Buyer Grants South Australia
• First Home Buyer Grants Tasmania
• First Home Buyer Grants Victoria
• First Home Buyer Grants Western Australia

State government information

You can also visit your state government website for further information on general eligibility, qualifying homes, residency requirements, how to make an application, supporting documentation, payment of grant and spouse information.

For more information on First Home Buyer Grants

For more information on government assistance schemes for first home buyers, or the home loan that is in your best interest, talk to your local mortgage broker and we will return your enquiry within 2 business hours. Or call us at any time on 13 LOAN or direct on +61 2 9249 3739.