First Home Owner Grant – OVER

A notice from the Department of Finance

First Home Owner Grant (FHOG)

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The first home owner grant (FHOG) is a one-off grant payable to first home owners that satisfy all the eligibility criteria.

The First Home Owner Grant for established homes is no longer available.

The 2015-16 State Budget included a measure to abolish the FHOG of up to $3,000 for the purchase of established homes.

This change will apply to contracts for the purchase of an established home entered into on or after 3 October 2015.  First home owners who entered into a contract to purchase an existing home before that date will still be able to apply for and receive the FHOG and related first home owner rate of duty for a period of 12 months after completion of the eligible contract.

On or after 3 October 2015, purchasers of established homes will still be able to apply for the first home owner rate of duty if the value of the home is below the current threshold of $530,000.

The FHOG of up to $10,000 for ‘new’ homes will remain unchanged.

Other Assistance for First Home Buyers

The Home Buyers Assistance Account, which provides assistance of up to $2,000, is established under the Real Estate and Business Agents Act.

This grant is administered by the Department of Commerce.