To learn more about the First Home Owner Grant, speak to us today or make an enuiry here.

The First Home Owner Grant (FHOG) provides $14,000 towards the purchase of a first home for eligible applicants.  First home buyers who build a new home or purchase a newly constructed home will receive an extra $7,000 to take their grant to $21,000. In Victoria, up to $29,000 may be available to assist first home buyers. The First Home Owner Grant is not means tested.

This means that eligible First Home Buyers can receive $14000 regardless of their income, the area in which they are planning to buy or build, or the value of the home.  The grant is not taxed either.

Who is eligible for the First Home Owner Grant?

FHOG is available to people buying or building their first home and who meet the following criteria:

• Be a natural person (i.e not applying as a company or trust) and be at least 18 years of age.
• Never owned a home before.
• Must be an Australian citizen.
• Must reside in the home as your principal place of residence for a continuous period of at least 6 months commencing within 12 months of completion of the eligible transaction.

Applying for the grant

Our mortgage brokers can help you lodge an application for the grant.  To learn more about the First Home Owner Grant, speak to us today or make an enuiry here.