Queensland’s First Homeowner Grant (FHOG) allows first home buyers to receive $30,000 towards buying or building their new home.
Requirements
- Buying or building a new house, unit or town house valued below $750,000
- Must move into the new home within one year of purchase
- Must reside there as your own principal place of residence for a minimum continuous six-month period (Note: if you move out during this time the government may request that you pay back the grant)
- You are not eligible for the grant if you or your spouse have previously owned property in Australia
More information can be found on the QLD FHOG here
New South Wales First Homeowner Grant (FHOG) allows first home buyers to receive $10,000 towards either;
- A new home valued up to $600,000
- A new home valued up to $750,000 if you enter a contract to build or are an owner-builder
More information can be found here: Office of State Revenue New South Wale
In Victoria first home buyers are eligible for up to the amount of $10,000.
Requirements
- New home valuable up to $750K
- Further concessions are available if the home is your principal place of residence, if you are a pensioner, off-the-plan buyer or first home buyer with a family.
More information can be found here: State Revenue Office Victoria
In Tasmania first homeowners can receive a up to the amount of $30,000
Requirements
- The First Home Owners Grant is for eligible applicants who build or buy a new home to a comprehensive building contact, owner-building construction or purchase off-the-plan or new dwelling
- Construction must be completed with 24 months of start date to remain eligible.
First home buyers who purchase an established property may be eligible for duty concessions of 50% of home with value up to $500,000 under the First Home Owner Duty Concessions.
More information can be found here
In South Australia First home buyers can receive up to the amount of $15,000.
Requirements
- For construction or purchase of a brand-new property (not previously occupied) buyers can receive $15,000 under the standard first home owners grant
- The market value ceiling for claiming the FHOG in South Australia is $575,000 –a figure that applies to the value of a construction after it is completed.
Western Australia First Home buyers can receive up to the amount of $10,000
Requirements
- Varies depending on the location of your new purchase or build
- $10,000 applies when you buy or build a new home, with the value threshold of $750,000 south of latitude 26 (Including Perth) $1,000,000 north of this level
- Home that has been substantially renovated may be considered a new home.
More information can be found here: Government of Western Australia
In the Northern Territory First home buyers are eligible for $10,000
Requirements
- Home bust be defined as new (not previously occupied or sold as a place of residence)
More information can be found here: Northern Territory Government
In the ACT Stamp Duty Concessions are available but vary.
In the ACT, the First Home Owner Grant has been replaced by the Home Buyer Concession Scheme, which offers concessions on stamp Duty.
Requirements
- Home owners must be under a certain income threshold
- Not owned any other property in the last two years
- Plan on living in the home continuously for at least one year within 12 months of the settlement date
More information can be found here: here
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