|
First Home Buyers Grant
Effective 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.
|
|
|
|
|
