First Home Buyers Grant

From December 31st 2009, the First Home Grant is $7000.

 

According to the rules of the First Home Grant, the following must apply to all applicants:

Must be Australian Citizen/s or Permanent Resident

 

Must be buying or building their first home

 

To receive this grant, no applicant (or their de facto or spouse) can have owned a home prior to July 1, 2000 either jointly, separately or with another person.

 

No applicant (or their spouse or de facto) can have owned a home after July 1 2000.

 

No applicant can have previously claimed this grant.

 

Any binding contract or commencement of building, in the case of owner builders, must have occurred after July 1st 2000.

 

An eligible home will be located in Australia and will be a new or established house, home unit, flat or other type of self contained fixed dwelling that lawfully can be used as a place of residence within 12 months of completion of construction or settlement of the home.

 

Application for the grant must be made within 12 months of completion of construction of settlement of the home.

 

This assistance (First Home Owners Grant) will not be means tested. There is no tax payable on the Grant.

 

Joint applicants will be restricted to a single application for a single property and one payment will be made.

Source: First Home Grant (Federal Government)

 

First Home Grant

State Governments also offer information and/or incentives for First Home Buyers-links for each state below.

NSW: First Home Buyers

Queensland: First Home Buyer Info

Victoria: First Home Buyers

South Australia: First Home Buyer Info

A.C.T. First Home Buyer Info

W.A. First Home Buyer Info

TAS: First Home Buyer Info

N.T. First Home Buyers NT