First Home Owner Grant
With us, know everything about the First Home Owner Grant, secure the possible financial assistance and get closer to realising your home ownership dreams.
Buy Your First Home with Ease
Buying your first home can be both financially burdening and rewarding. It becomes a great investment opportunity but, at the same time, could drain your financial resources. But what if we tell you that some programs and grants across Australia aim to lessen this burden and financially support you in your home ownership journey? One is the First Home Owner Grant. As your trusted property investment partners, we will help you access all possible support and simplify your entire experience.
First Home Owner Grant: All You Need to Know
If you are hearing about the First Home Owner Grant for the first time, here’s everything you need to know to get started.
Eligibility Criteria
Check your eligibility for the First Home Owner Grant with us. Eligibility checklist –
The First Home Owner Grant (FHOG) is a state initiative to offer financial assistance to eligible participants purchasing their first home in Australia. While the eligibility requirement for each state or territory is unique, here are a few basic guidelines –
You must not have previously owned a residential property in Australia.
The contract must be signed on or after 1 July 2013.
You must be above 18 years of age while applying for the grant.
You must be an Australian citizen or permanent resident.
This grant applies to brand-new homes, substantially renovated homes, or properties being sold for the first time.
There is a cap on the maximum property value. This value varies from state to state. For instance, it is $600,000 in New South Wales and $750,000 in Victoria.
You must live in the purchased home consecutively for at least six months and use it as your primary residence.
Grant Amount
The grant amount also differs across states –
New South Wales (NSW): $10,000
Victoria (VIC): $10,000
Western Australia (WA): $10,000
South Australia (SA): $15,000
Tasmania (TAS): $30,000
Northern Territory (NT): $10,000
Additionally, some states offer concessions on stamp duty and other exemptions as part of the scheme. For more information, you can contact us, and we will be happy to guide you through.
How Can We Help?
As a team with over 25 years of experience in the real estate industry, with the know-how of all grants and exclusions available to first home buyers in Australia. We will help you look at all potential financing options, including the First Home Owner Grant, and secure all available support. When you connect with us, we will assess your situation and guide you on how you can make the most of the first home owner grant..
We will be there with you from the start to end of your First Home Owner Grant application procedure and offer you the required assistance. Our team will help you put forth a fail-proof application and ensure you don’t encounter any complications along the way. From versing you in the specifics of the grant to helping you check your eligibility, you can expect comprehensive assistance with us.
To know more about our services and how we can help, get in touch with us today.
