First Home Owners

As someone looking to purchase your first home you may be eligible for some assistance from the Australian Federal Government in the form of the First Home Owners Grant (FHOG).

If you are purchasing in NSW, you may also be eligible for the First Home Plus (FH+), which is a stamp duty rebate. Other State Governments may also have their own support for first home owners.

This page is dealing with FHOG, however if you require more information regarding FH+, please contact one of our mortgage consultants on 02 9008 1313.

The First Home Owners Grant is a fixed grant of $7,000 which is available to any Australian Citizen or Permanent Resident, over the age of 16, who is purchasing their first home in Australia. You are not eligible if you (or your partner, if applicable) has owned either an owner occupied or investment residential property in Australia. However this does not apply if you own or have owned vacant land, or a commercial property that does not have a residence attached.

To be eligible at least one of the applicants needs to take up occupancy of the premises as their primary residence within 12 months of settlement or completion. They must maintain that residence for a minimum of 6 continuous months.

The Office of State Revenue may request that the applicant prove their residency for that period of time.

When you apply for the First Home Owners Grant you will need to supply supporting documents as well as a FHOG application form. We can supply this form to you and many of the lenders can process the application on your behalf. This can be particularly useful if you need the funds to settle, and avoids the hassles of having to submit the application independently.

If you would like to submit this through the lender you will need to complete the FHOG form and give it to your broker to send with your application for finance.

If you have any questions regarding your eligibility for the First Home Owners Grant or would like further information please feel free to speak to us on 02 9008 1313 or please visit www.osr.nsw.gov.au if you are a resident of NSW. Alternatively contact the appropriate Office of State Revenue for your state.