Real Estate Home Loans - First Home Owners Grant

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First Home Owners Grant

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Guide to the Types of Home Loans
Mortgage managers, banks, credit unions, brokers, insurance groups all offer a seemingly endless choice of loan options - introductory rates, standard variable rates, fixed rates, redraw facilities, lines of credit loans and interest only loans, the list goes on. But with choice comes confusion.

First Home Owners Grant

The First Home Owner Grant Scheme (FHOGS) is a Federal Government initiative encouraging first home buyers to take the step from home renting to home ownership. What is the First Home Owner Grant Scheme?
With the FHOGS initiative, eligible first home buyers receive a one off payment of $7,000.

Who is eligible for the first home owners' grant?

Individuals over 18 years of age - a company or trust does not qualify.
An applicant or applicant's spouse must not have received an earlier grant or previously owned a home in Australia before 1 July 2000.
At least one applicant must be an Australian citizen or permanent resident
Joint applicants will be restricted to one application and only one payment will be made.
At least one applicant must live in the home as their primary place of residence for a continuous period of six months, within 12 months of settlement or construction.

What types of homes are eligible?

Newly built or established dwellings, including houses and units.
Houseboats and mobile homes are not eligible.

State Revenue Office

First Home Benefits in NSW

ACT Revenue Office

Northern Territory Government

Queensland Government

Revenue South Australia

Department of Treasury and Finance

First Home Owner Grant (FHOG)