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The First Home Owner Grant is a one-off, tax-free payment to people buying their first home in Australia, provided it is a new dwelling.

Lenders may consider it as part of your deposit, although not as part of your genuine savings.

It is only paid on the settlement of your property or on the first progress payment if building. As it is administered by the State and Territory Governments, the availability and amount vary between states and territories.

However, there are some general conditions that apply Australia-wide:

• Must be 18 years of age

• You must be buying or building your first home as a person, not as a company or trust

• You or your co-purchaser (typically a spouse or partner) must be an Australian citizen or permanent resident of Australia

• You may still be eligible for FHOG if you own an investment property/s purchased after 1 July 2000 as long as you haven’t owned property prior to 1 July 2000, and you have never lived in the investment property/s

• You’ll need to live in your first home within 12 months of construction or purchase (minimum periods of occupancy vary between states and territories)

• Couples can only make a single application for FHOG and will receive only one payment

• The value of your first home (home plus land) must be below a certain value (amount varies between
states and territories).

 

State/Territory Revenue Offices Website

ACT : www.revenue.act.gov.au

NSW : www.osr.nsw.gov.au

NT : www.revenue.nt.gov.au

QLD : www.osr.qld.gov.au

SA : www.revenuesa.sa.gov.au

TAS : www.sro.tas.gov.au

VIC : www.sro.vic.gov.au

WA : www.treasury.wa.gov.au