First Home Owner Grant
Saving a deposit and getting your foot on the first rung of the property ladder
is never easy. That’s why it’s so important you take advantage of the best financial
advice you can get, shop for the most competitive mortgage product possible, choose
your first piece of real estate wisely and find out if you’re eligible for government
assistance.
There is a range of First Home Buyer assistance initiatives in place at both a Federal
and State level so it’s important you do your homework and take advantage of what’s
available.
However, restrictions apply to some grants so you need to make yourself fully familiar
with what you can and can’t access, depending on your individual circumstances.
When the GST was introduced, the Federal Government created the First Home Owner
Grant (FHOG) to offset its effect. Under the scheme, a once-off grant is payable
to first homeowners that satisfy all eligibility criteria.
Visit the FHOG Online website and select your state of residence for current information.
First Home Owner Grant