First Home Owner Grant Scheme

  
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The First Home Owner Grant Scheme has been established by the Federal Government to assist in offsetting the effect of the Goods and Services Tax (GST) on the purchase or construction of a home by a first home buyer.

The Scheme will be administered by the States and Territories on behalf of the Federal Government. First home buyers can apply for the grant through their State or Territory Revenue Office or through a participating financial institution.

Eligible applicants will be entitled to a maximum $7,000 grant at settlement or on completion of their home, payable into a nominated account. The home must be a fixed dwelling that meets the local planning standards. The grant will not be available for renovations or for the purchase of vacant land. Payment of the grant is not means tested and there is no upper limit on the value of the property being purchased. However, to receive the grant, each applicant must comply with the eligibility criteria detailed below.

Eligibility

You will generally be eligible for the grant if you satisfy the following criteria:

  • This is the first time you or your spouse/ de facto will receive a grant under the First Home Owner Grant Act 2000 in any State or Territory of Australia.
  • You and your spouse/de facto have not owned before 1 July 2000 a residential property, jointly, separately or with some other person, in any State or Territory of Australia.
  • You and your spouse/de facto have not owned on/after 1 July 2000 a residential property and occupied that property (other than the property to which your application relates) jointly, separately or with some other person in any State or Territory of Australia.
  • Each applicant is a natural person and not a company or trust.
  • Each applicant for the grant must be at least 16 years of age. The Chief Commissioner may allow an exemption from this requirement if satisfied the home will be occupied as the applicant's principal place of residence and the application does not form part of a scheme to circumvent eligibility or entitlement requirements.
  • At least one applicant is a permanent resident or Australian citizen.
  • At least one applicant will occupy the home as their principal place of residence within 12 months of settlement or construction.
  • You have entered a contract for the purchase of a home on/after 1 July 2000 or signed a contract to build a home on/after 1 July 2000. In the case of an owner-builder, you commenced laying foundations on/after 1 July 2000.

If you would like more detail about the First Home Owner Grant Scheme click here.