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Getting and using the First Home Owners Grant

The First Home Owners Grant (FHOG) is a one-off tax-free Federal Government payment available to most people buying a first home in Australia.

Something for nothing: the First Home Owners Grant

The First Home Owners Grant (FHOG) is great news for first home buyers. It’s a one-off, tax-free payment to people buying a first home in Australia, however conditions do apply.

Here’s the fine print that applies in most – though not all – areas in Australia:

  • You must be an Australian citizen or permanent resident buying or building your first home in Australia.
  • The property you buy must be a recognised house, unit or flat specifically designed for people to live in.
  • You or your partner must not have purchased a property in Australia before.
  • You must occupy the home within 12 months of settlement – or within 12 months of building completion if it’s a newly built home.
  • You must apply for the grant within 12 months of settlement or building completion.
  • Contracts must be exchanged between the buyer and seller before the cut-off dates, and the money is paid at the time of settlement.

How to get the FHOG

Apart from the conditions above, other conditions may apply depending on the state or territory that you are buying in. That’s because state and territory governments hand out the FHOG on behalf of the Federal Government.

In Victoria, for instance, the grant is only available if you pay $750,000 or less for your first home. In NSW, the grant is worth $15,000 (falling to $10,000 from 1 January 2014), but you must buy or build a new home – the FHOG isn't available to NSW first home buyers purchasing an established home.

Some state and territory governments also offer additional bonuses for first home buyers like stamp duty concessions.

Ask your Aussie Broker or lender about the perks and lurks that you should know about, or take a look at the website of the revenue office in your state or territory.

ACT | NSW | NT | QLD | SA | TAS | VIC | WA

We’ll do the paperwork for you

If you arrange your loan through Aussie, we’ll do the paperwork for you – wherever you live. We’ll also make sure you get any bonuses or concessions offered to first home buyers by your state or territory.

Use the FHOG as a deposit

The FHOG is a good chunk of money, and lenders will often consider it as part of your savings and deposit. Ask your Aussie Broker how you can do this.

Aussie Fact Sheet: Top Ten Tips for First Home Buyers



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