First Home Owners Grant

First Home Buyers Grant – General Information

The First Home Owners Grant was introduced to offset the impact of the introduction of the goods and services tax (GST). The Commonwealth requested that the States and Territories assist first home buyers through the establishment of the First Home Owner Grant (FHOG).

The First Home Owners Grant was introduced from 1 July 2000. Each State and Territory Revenue Office is responsible for administrating the grant in their respective jurisdictions.

Below is a summary of the First Home Owners Grant offerings in each state and territory in Australia:

StateFirst Home Owners Grant offered
NSW$10,000 First Home Buyers Grant offered to first home buyers who build a new home for up to a total cost of $750,000 or purchase a new home for up to $600,000
QLDAs of 1st July 2017 the First Home Owners Grant has been reduced to $15,000 from $20,000. This is only available for first home buyers building or purchasing a new home. If the contract was signed between 1 July 2016 and 30 June 2017 the grant is $20,000
VICEligible first home buyers building or buying a brand new home for no more than $750,000 are eligible for the $10,000 First Home Owners Grant.

The FHOG has been increased from $10,000 to $20,000 for new homes built in regional Victoria and valued up to $750,000. This applies for contracts signed from 1 July 2017 to 30 June 2020.
SAFirst home buyers purchasing or building a new home for up to a market value of $575,000 may be eligible for a First Home Owners Grant of $15,000.
WAA $10,000 First Home Owners Grant is available for first home buyers purchasing or building a new home.

If the property is located south of the 26th parallel the maximum value of the land and building to be eligible for the grant is $750,000.

If the home is located north of the 26th parallel then the value is capped at $1,000,000 for the purpose of qualifying for the First Home Owners Grant.

Transactions entered into between 1 January and 30 June 2017 may be eligible to receive $5,000 boost plus the $10,000 grant or the consideration paid to buy or build the house if less than the grant amount.
TASEligible first home buyers who buy or build a new home will receive a $20,000 First Home Owners Grant. This is available for contracts signed until 30 June 2018.

After 30 June 2018 the grant reverts back to $10,000.
NTEligible first home buyers who buy or build a new home will receive a $26,000 First Home Owners Grant.

The NT government also offers other incentives such as a Household Goods Grant Scheme of up to $2,000 for first home buyers
ACTAs of 1 January 2017 the First Home Owners Grant is $7,000. It is only available for the purchase of new or substantially renovated properties.

The total value of the property must be no more than $750,000 to be eligible.

The other general eligibility requirements for the First Home Owners Grant are as follows:

  • you are over 18
  • you or your spouse (including de facto spouse) have never held a relevant interest in any residential property in Australia prior to 1 July 2000However, you may be eligible if you or your spouse, including de facto spouse, have only had a relevant interest in any residential property in Australia on or after 1 July 2000 and you have not resided in that property for a continuous period of at least 6 months.
  • you have not received a first home owners grant in any State or Territory, unless subsequently repaid
  • you need to live in the home for a continuous period of at least 6 months
  • at least one applicant is a permanent resident or Australian citizen
  • each applicant must be a natural person and not a company or trust.

Please check with your local state revenue office for the full eligibility criteria. See http://www.firsthome.gov.au/ for a list of the state revenue offices and links to their websites.

ADDITIONAL STATE FIRST HOME BUYER BONUSES

Some states offer additional grants and bonuses to first home buyers.

Please visit our stamp duty concession page for more information on other first home buyer benefits.

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