
First Home Owners Grant: Frequently Asked Questions
The property must be a new home, and not have been previously sold as a place of residence, occupied as a home, or leased out or used for short-term accommodation, such as Airbnb.
The property must be valued at $750,000 or less.
The FHOG is not a rebate off the cost of your property purchase, it is a cash gift. You can choose to put it towards your home loan, help with the setup of your new home, or anything else!
No – the FHOG is only available once. Additionally, you’re not eligible for the FHOG if you or your spouse or partner have already:
– Received the FHOG in Australia;
– Owned a home or other residential property in Australia, either jointly or separately, prior to 1 July 2000, or;
– Lived in a home in Australia which either of you owned or part-owned on or after 1 July 2000 for a continuous period of at least six months.
These criteria apply even if your spouse or partner is not an applicant with you for the FHOG.
All above information published by The Broker Team has been supplied by State Revenue Office and was relevant at the time it was published. If you have any questions, please contact us