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First Home Owner Grant
State and Territory Governments commenced a scheme in July 2000 to provide eligible applicatnts a one-off $7,000 grant to provide financial assistance to Australians buying their first homes through the First Home Owner Grant (FHOG).
How much is the First Home Owner Grant?
The Australian Government has specified changes to the First Home Owners Grant (FHOG) effective from 1st January, 2010.
For contracts made from 1 January 2010 the grant provided will be;
Western Australia
$7,000 established and newly constructed homes.
A cap applies to the total value of properties (ie total value of land and home) to $750,000 or less, or if the home is located north of the 26th parallel to $1,000,000 or less.
Victoria
| Contract Date (1 January 2010 - 30 June) |
| Conditions |
First Home Owner Grant (FHOG) |
First Home Bonus |
First Home Owner Regional Bonus |
Total |
| Established homes only |
$7000 |
$2000* |
$0.00 |
$9000 |
| Newly constructed homes in Metropolitan Victoria only |
$7000 |
$11000* |
$0.00 |
$18000 |
| Newly constructed homes in Regional Victoria only |
$7000 |
$11000* |
$4500 |
$22500 |
| For contracts entered into after 1 January 2010 the value of the property must not exceed $750,000. |
The information in these tables are to be used as a guide only.
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 and/or occupied a home before (there are some specific dates that need to be considered here).
- 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.
Further terms and conditions may apply.
Applying for the Grant
Our mortgage brokers can help you lodge an application with an approved agent. To learn more about the First Home Owner Grant and borrowing for your first home, talk to one of our mortgage brokers today.
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