The First Home Owner Grant (FHOG) is a national scheme, funded by the states and territories and administered under their own legislation.
The basic grant across all states is $7,000, however some states and territories also provide their own additional grants and stamp duty subsidies.
The grant is not means-tested, but it is restricted by property price in some states.
Eligibility requirements:
- You must be an Australian citizen or permanent resident
- You must not have owned a property in this country
- You must have lived in Australia for at least six months
- You must be over 18 years of age
- You must be buying or building your first property as a person, not as a company or trust
- Neither you or your spouse can have claimed this grant previously
- An eligible home must be located in Australia
- You must live in the property for at least 6 months, starting within the first 12 months immediately after purchase
Receiving your grant:
In terms of payment, the grant usually gets approved at the time of settlement. Typically the grant will be paid direct to your mortgage lender and most major lenders are authorised to receive the grant on your behalf. If you are building a new home, the grant will be approved once your lender issues the first scheduled loan payment.
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State
|
Maximum Benefits Available
|
|
New South Wales
|
$29,490
|
|
Queensland
|
$19,750
|
|
Victoria
|
$26,500
|
|
Western Australia
|
$28,665
|
|
South Australia
|
$15,000
|
|
ACT
|
$19,780
|
|
Northern Territory
|
$33,730
|
|
Tasmania
|
$11,000
|
