First Home Buyers

The First Home Owner Grant (FHOG) is a Federal Government initiative to encourage home owners 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.

First Home Owners Grant Eligibility Criteria
  • An expert mortgage broker will make sure you qualify for the FHOG and that your grant is paid on settlement. Consider the below eligibility criteria:
  • You must occupy the home within 12 months of settlement or within 12 months of building completion if it’s a newly built home.
  • The property you buy must be a new or established house, home unit or flat.
  • You or your partner must not have purchased a house, home unit or flat in Australia before.
  • You must apply for the grant within 12 months of settlement or building completion.
  • You must be an Australian citizen or permanent resident buying or building your first home in Australia.
State-Based Grants and Concessions
On top of that there are also additional state concessions for first home buyers.