The $7 000 first home owner grant for established properties ends on 30 September 2012 and will not be available where the eligible transaction commencement date (contract date) is on or after 1 October 2012.

First home owners who purchase or build a new home where the eligible transaction commencement date (contract date) is on or after 1 October 2012 will be eligible for the $15 000 grant. The grant will reduce to $10,000 on 1 January 2014 for eligible transactions which have a commencement date (contract date) on or after 1 January 2014.

In order to claim the government's First Home Owner Grant (FHOG), you need to complete the required paperwork during the home loan application process. If you get your loan using an expert Aussie Broker, we?ll help do the paperwork for you, wherever you live. We?ll also help make sure you get any applicable bonuses or concessions offered by your state or territory.

The First Home Owner Grant is usually paid on or just after settlement (the day your lender sends you the funds to buy your property).