FIRST HOME OWNERS GRANT (FHOG) - MORTGAGE BROKER
The First Home Owners grant is a government initiative to assist those looking to build or purchase a new property by providing them with a grant to go towards the purchase costs.
Each state in Australia has different terms, you can find information on your individual state here
How each state treats first home owners grant (FHOG)
QUEENSLAND FHOG
the Queensland First Home Owners' Grant has recently increased to $30,000 to first-time owners buying or building a new home. The grant is available for properties valued at less than $750,000. If you are renovating an established home you may also qualify for the grant.
NEW SOUTH WALES FHOG
the First Home Owner Grant (New Homes) scheme offers a $10,000 grant for the purchase or construction of new homes. The value of the property of a newly constructed property must be under $600,000. If buying land to build a property the combined land and dwelling valued must be less than $750,000.
VICTORIA FHOG
the $10,000 First Home Owner Grant is available to eligible applicants buying or building a new home valued at up to $750,000.
AUSTRALIAN CAPITAL TERRITORY FHOG
The ACT government no longer offers a first home owner grant to buyers. But there are stamp duty concessions available.
NORTHERN TERRITORY FHOG
the $10,000 FHOG is available to eligible applicants who purchase or construct a new home. No limit applies to the value of the property you buy or build and there are no income restrictions.
SOUTH AUSTRALIA FHOG
the FHOG of up to $15,000 is available for the purchase and construction of new homes valued up to $575,000.
WESTERN AUSTRALIA FHOG
the FHOG of $10,000 is available if you are buying or building a new home. Eligible properties located south of the 26th parallel of south latitude are limited to $750,000, while properties north of the 26th parallel of south latitude are limited to $1 million.
TASMANIA FHOG
the $30,000 First Home Owner Grant is available for first home buyers who are buying a new home, buying a new home off the plan or building a new home.
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