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Do You Qualify For FHOG?

<img src="https://cdn.sanity.io/images/3023m6wi/production/ed1f56f26b97cb826f9f46f018fac4e4c56cb105-1200x801.jpg?rect=0,63,1200,675&w=1200&h=675&fit=crop&auto=format" alt="Do You Qualify For FHOG?" />

Do You Qualify For FHOG?

‘FHOG’ or ‘First Home Owner Grant’ is a grant of $10,000 available for those building or buying a new home.

first home

A home owners grant is a great financial boost for those looking to purchase or build a property, To qualify you must meet a range of specifications, and be a first time home buyer.

Check out our comprehensive breakdown to see if you qualify for a first home owners grant!

The First home owners grant was originally introduced in Australia by the federal government in 2000. The FHOG is a national scheme that is funded by stated and territories: If you’re building or buying a new house you may qualify for the First home owners grant, so long as you signed your contract after July 1st 2013.

  • Each state and territory have their own set of rules about the FHOG, but generally, the following conditions apply:
  • The grant is only available to first home buyers, You and your spouse can not have owned any property in Australia before (Even if your spouse is not officially on the application).
  • The property you are purchasing has not been previously sold or occupied.
  • The grant can only be received once.
  • You (or at least one applicant) must have an Australian citizenship, or be a permanent resident living within Australia.
  • FHOG applicants must be age 18 or over.
  • You must reside in the house for a minimum of 6 months, after the property is built.
  • The maximum property value varies dependent on state: with the maximum purchase price ranging between $575,000 to $750,000
  • In most instances the property must be ‘new’ or ‘substantially renovated’.

Define a ‘new home’?

In some states and territories the FHOG can be extremely beneficial for those building a new home.

Under the specifications for FHOG, a new property is defined as a ‘newly built property that has not previously been lived in or sold as a home’.

If a house receives substantial renovations or replacements it is possible that it will fit the definition of a ‘new home’, and you may be able to receive the FHOG.

new home

Is the FHOG available to me if I’m purchasing an investment property?

The FHOG is designed primarily for first time home-owners, and not people looking to invest in property. However, so long as the house is the first property you are purchasing in Australia, and you plan to live there for at least 6 months, it is possible to receive this grant.

Australian home

Do concessions apply?

Dependant on state or territory you may be able to receive large discounts on stamp duty if you are buying a property in a rural or regional area.

How do I apply for FHOG?

Once you are sure that you meet all the specifications for the FHOG you can:

  • Lodge the FHOG application through the appropriate state or territory.
  • Request that your home loan provider lodges the FHOG application for you.

The First home owners grant is available to help financially support anyone who is a first home buyer! If you’re looking to buy, and you meet the criteria, apply for a FHOG today!