First Home Owners Grant (FHOG)

The First Home Owner Grant Scheme has been established by the Federal Government to assist in offsetting the effect of the Goods and Services Tax (GST) on the purchase or construction of a home by a first home buyer.

First home buyers can apply for the grant through their State or Territory Revenue Office or through a participating financial institution.

The home must be a fixed dwelling that meets the local planning standards. The grant will not be available for renovations or for the purchase of vacant land.

Payment of the grant is not means tested and there is no upper limit on the value of the property being purchased. However, to receive the grant, each applicant must comply with the eligibility criteria detailed below.

Eligibility

You will generally be eligible for the grant if you satisfy the following criteria:

1. Neither You nor your spouse /de facto can have received the grant previously.
2. Neither You nor your spouse /de facto can have owned a residential property, either jointly, or with any other person anywhere in Australia BEFORE 1 July 2000.

3. Neither You nor your spouse /de facto can have owned AND OCCUPIED a residential property, either jointly, or with any other person anywhere in Australia AFTER 1 July 2000.

4. Each applicant must be a natural person - i.e not a company or trust.

5. At least one of the applicants must be a permanent resident or citizen of Australia.

6. At least one of the applicants must occupy the established home as their principal place of residence within 12 months of either settlement or completion of construction.

If you satisfy the criteria and also wish to apply for a home loan then contact us on 1300 366 576 and we will assist you in processing your grant application.

For more details on the First Home Owner Grant Scheme: www.firsthome.gov.au or Telephone 13 21 61