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BREAKING NEWS
The Australian Government has announced a First Home Owner boost, which supplements the existing First Home Owner Grant Scheme. According to the announcement from the Commonwealth:
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First home buyers who purchase established homes will receive a boost of $7000 that will double the grant to $14 000. |
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First home buyers who build a new home or purchase a newly constructed home will receive an extra $14 000 to take their grant to $21 000. |
First home buyers will be eligible for the First Home Owner Boost on contracts entered into from 14 October 2008 to 30 June 2009.
As soon as more information is available, it will be posted on this page.
The
First Home Owners Grant applies from 1 July 2000. Each State and Territory
Revenue Office is responsible for administrating the grant in their
respective jurisdictions.
The broad principles of the grant are:
- Eligible
applicants will be entitled to a one-off $7,000 payment.
- Eligible
applicants must be natural persons, who are Australian citizens
or permanent residents, who are buying or building their first
home in Australia.
- Applicants
must be at least 18 years of age.
- To
qualify for assistance, neither the applicant nor their spouse
(or de facto) must have previously owned a home, either jointly,
separately or with some other person.
- Entering
into a binding contract or commencement of building, in the case
of owner-builders, must have occurred on or after 1 July 2000.
- An
eligible home will be located in Australia and will be a new or
established house, home unit, flat or other type of self contained
fixed dwelling that meets local planning standards.
- An
eligible home must be intended to be a principal place of residence.
Applicants must occupy the home within 12 months of completion
of construction or settlement and must live in the home for a
continuous period of at least 6 months.
- Assistance
will not be means tested.
- Joint
applicants will be restricted to a single application for a single
property and only one payment of $7,000 will be made.
The
grant assistance will not be means tested and joint applicants will
be restricted to a single application for a single property and
only one payment of $7,000 will be made. If the consideration of
the home is less than $7000 then the grant amount paid to the applicant
will equal the consideration.
Download the first home owners grant application
form's from the following locations:
To
download the First Home Owner Grant applications you will require
Acrobat reader. This can be downloaded from
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