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FHOG guide – first home owner grant

Buying your own home can be one of the most exciting times in a person’s life, but it can also be one of the most stressful. When you factor in the time, energy and money you pour into buying a house, you’ve invested considerably before you even take a step through the front door. So finding out there is a grant (the FHOG) to ease some of the financial burden can be excellent news for first home buyers. But understanding the grant and how it varies state by state can be stressful in its own right. The home owner grants are also subject to regular changes, making it difficult to know the specifics of each grant and concession.

See below our guide to each state and territories available grants and stamp duty concessions.

What is the (FHOG) First Home Owner Grant?

The First Home Owner Grant (FHOG) is a scheme put in place in 2000 to assist first home buyers purchase property in Australia by offsetting the effect of the GST on home ownership. However each state and territory has its own legislation and exemption rules so make sure you’re looking at the right information.

First Home Owners Grant NSW

What’s Included

If you’re a first home buyer and you’re buying or building a new home, you may qualify for the $10,000 grant to go towards the purchase price. In certain conditions a new home can also be a recently renovated home that has undergone substantial renovations.

Eligibility

To be eligible for the grant for your property:

  •     You must be an individual, not a company or trust
  •     Be over 18
  •     At least one applicant must be an Australian citizen or permanent resident
  •     You cannot have owned or co-owned a home in Australia
  •     You cannot have received a first home owner grant in Australia
  •     You or one of the other first home buyers must move into the home within 12 months after buying the property and live there for at least six continuous months
  •     If you are purchasing a recently renovated house, then the house must:
  •     Most of the house was removed or replaced
  •     This is the first time the house has been sold after the renovations
  •     It hasn’t been lived in since being renovated, including by the builder or a tenant

For more information please see the New South Wales’ page here.

First Home Owners Grant VIC

What’s Included

For new homes built in regional Victoria from 1st July 2017 to the 30th June 2020 the FHOG is $20,000.

Eligibility

Your new home must be less than five years old and must be valued at $750,000 or less and be the first sale of the property as a residential premises.

To receive the FHOG, at least one applicant must:

  •     occupy the home as their principal place of residence for at least 12 months, commencing within 12 months of settlement or completion of construction
  •     Be aged 18 or over
  •     Be an Australian citizen or resident

Exclusions

You will not be eligible for the First Home Owners’ Grant if you:

  •     Have already received a first home owner grant in Australia
  •     Owned a home or other residential property in Australia, with jointly or separately, before 1 July 2000.
  •     Occupied, for a continuous period of at least six months, a home which either of you owned or part-owned on or after 1 July 2000 in Australia.

For more information please see the Victoria’s page here.

First Home Owners Grant (FHOG) QLD

*The Queensland First Home Owners’ Grant has changed. For contracts that commenced from the 1st of July 2016 to the 30th of June 2018, the grant was $20,000. This has since changed.

What’s Included

The Queensland First Home Owners’ Grant is now valued at $15,000 for all contracts that have commenced from the 1st of July 2018 and onwards.

Eligibility

To be eligible for the first home owner’s grant in Queensland you must:

  •     Be at least 18 years old
  •     Be an Australian citizen or permanent resident (or be applying with someone who is)
  •     You or the person you are applying with cannot have owned property in Australia that you previously lived in
  •     Be building a brand new home or buying one
  •     The total value of the home, including the land must be less than $750,000
  •     You must move into the new home as your primary place of residence within 12 months of the completed transaction and live there continuously for 6 months

For more information please see the Queensland page here.

First Home Owners Grant WA

What’s Included

The grant is $10,000 to go towards buying or building a new home.

Eligibility

To be eligible for the grant and/or first home owner rate of duty, applicants must satisfy the following criteria:

  •     An applicant must be a natural person (not a company) and be 18 years or over at the time of making an application. If you are under 18, you may be able to apply for an exemption from the age requirement.
  •     At least one applicant must be an Australian citizen or permanent resident at the time of making the application
  •     Applicants must occupy the home as their principal place of residence for a continuous period of at least six months commencing within 12 months of settlement if purchasing a home, or within 12 months from the date of completion if building a home
  •     Applicants must hold a relevant interest (ownership) in the land on which the home is situated and must own the home in their own capacity. If they own the home as a trustee, it must be held on trust for a person with a legal disability

Exclusions

Applicant and their spouses or de facto partners cannot have:

  •     Previously received the grant or first home owner rate of duty from any jurisdiction in Australia
  •     Owned residential property anywhere in Australia before 1 July 2000
  •     Owned residential property anywhere in Australia on or after 1 July 2000 and occupied that property as a place of residence before 1 July 2004
  •     Owned residential property anywhere in Australia on or after 1 July 2000 and occupied that property as a place of residence for a continuous period of at least six months that began on or after 1 July 2004

Cap on the value of the home

The value of the transaction may affect your eligibility for the grant. Depending on where your house or land is situated in the state, the cap on the total value of the home and land can vary.

Property location Value of land and building
South of the 26th parallel $750,000
North of the 26th parallel $1,000,000

 (the 26th parallel – south- is a circle of latitude that is 26 degrees south of the equator. All Perth metropolitan areas are south of the 26th parallel.)

For more information please see the Western Australia page here.

First Home Owners Grant (FHOG) SA

What’s Included

In South Australia the First Home Owner Grant is a one-off grant of $15,000 to be paid to eligible first home owners purchasing or building a new home.

Eligibility

To receive the First Home Owners’ Grant in South Australia you must meet the following criteria:

  •     The market value of the property must not exceed $575,000
  •     You or your co-owner must not have already received a First Home Owners’ Grant
  •     Is a natural person (not a company) who is at least 18 years old and who upon completion of the transaction, will own the property in their own right and not in any capacity as a trustee
  •     Neither applicant can have owned a residential property jointly, separately, or with some other person before 1 July 2000 in any state or territory in Australia
  •     Neither applicant has occupied a residential property for a continuous period of at least six months in which they acquired a relevant interest, either jointly, separately or with some other person on or after 1 July 2000 in any state or territory in Australia
  •     At least one applicant is a permanent resident or citizen of Australia
  •     Each applicant must occupy the home as their principal place of residence for a continuous period of at least six months commencing within twelve months of completion of the eligible transaction.

For more information please see the South Australia page here.

First Home Owners Grant TAS

What’s Included

Until the 30th June 2020 the Tasmanian Government has extended the $20,000 First Home Owner Grant for eligible applicants who are buying or building a new home. From 1 July 2020 the grant amount will revert to $10,000.

Eligibility

To be eligible for the First Home Owners’ Grant in Tasmania all applicants must:

  •     Be at least 18 years of age
  •     Be a natural person (not a company)
  •     Be an Australian citizen or permanent resident
  •     Not have owned a home (or have a spouse who owned a home) in Australia before 1 July 2000;
  •     Not have owned and occupied (or have a spouse who owned and occupied) for more than six months, a home in Australia after 1 July 2000
  •     If building your home or having your home built, occupy the home as your principal place of residence for a continuous period of at least six months commencing within 12 months of the date the occupancy certificate is issued for the property;
  •     If purchasing your new home, occupy the home as your principal place of residence for a continuous period of at least six months commencing within 12 months of settlement
  •     Not have received the First Home Owners’ Grant before

For more information please see the Tasmania page here.

First Home Owners Grant (FHOG) ACT

The First Home Owners Grant was replaced by the Home Buyer Concession Scheme on the 1st of July 2019, all transactions that take place after this date are no longer eligible for the FHOG.

Home buyer concessions from 1 July 2019 – What’s included

Paying no duty on your home. All properties in the ACT are eligible for this scheme unlike the previous scheme. Both new and established homes and vacant residential land are included in this concession.

Eligibility

To qualify to pay no duty on your home purchase:

  •     All buyers of the home or land must be at least 18 years old
  •     The total gross income of all buyers, including their partners (if any) must not be greater than the income threshold below
  •     All buyers including their partners (if any) must not have owned property in the last two years
  •     At least one buyer must live in the home continuously for at least one year, starting within 12 months of settlement or completion of construction

Income thresholds

In order to be eligible to pay no duty, the total gross income of all home buyers and their partners (if any) over the full financial year before the transaction date must be less than or equal to the thresholds below.

Number of dependent children Total gross income threshold
0 160,000
1 163,330
2 166,660
3 169,990
4 173,320
5 or more 176,650

 For more information please see the Australian Capital Territory’s page here.

First Home Owners Grant (FHOG) NT

What’s Included

From the 7th of May 2019 people who are buying or building a new home in the Northern Territory can apply for the First Home Owner Grant. The FHOG in the Northern Territory is $10,000.

Eligibility

To be eligible to receive the First Home Owner Grant in the Northern Territory you need to:

  •     Have at least one applicant commence occupation of the home as their principle place of residence for a continuous period of no less than six months within 12 months of the completion date of the eligible transaction.
  •     Not have accessed a First Home Owner Grant in any state or territory in Australia.
  •     No applicant can have owned or held a relevant interest in a residential property, either jointly, separately or with some other person before 1 July 2000.
  •     No applicant can have occupied a residential property that they acquired, either jointly, separately or with some other person before 1 July 2000.
  •     Is a natural person (not a company) who will hold all their interest in the property in their own right and not as a trustee
  •     At least one applicant must be an Australian citizen or a permanent resident of Australia.

For more information and other financial grants and concessions in the NT please see the Northern Territory’s page here.

Disclaimer: Data on this website was sourced in July 2019 with the latest available data from First Home Owner Grant, July 2019. Auto & General Services Pty Ltd does not guarantee the accuracy or completeness of the data and accepts no liability whatsoever arising from or connected in any way to the use or reliance upon this data.

Last updated: July 2019. Last available data from July 2019.

http://www.firsthome.gov.au/

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