What is a First Home Buyers Grant?
The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 in order to stimulate the housing industry. It is a government initiative to assist first home owners to acquire their new first home sooner.
Under the scheme, a one-off grant is payable to first home owners that satisfy all the eligibility criteria.
Am I eligible?
To see if you are eligible or to obtain more information about the First Home Owner Grant, please visit the http://www.firsthome.gov.au/, and then select the state or territory in which you intend to purchase your home.
Maximum Benefits Available (New Homes)
The maximum benefits available to first home owners when they purchase a new home vary from one state to another. The eligibility conditions may also differ from one state to another. The policies may change by relevant governments from time to time. So it is advisable to check with relevant authorities to confirm your eligibility when you purchase iBuild products to build your new home. For more information about the First Home Owner Grant, please visit the http://www.firsthome.gov.au/, and then select the state or territory in which you intend to purchase your home.
ACT
$7,500
NSW
$10,000
NT
$26,000
QLD
$15,000
SA
$15,000
TAS
$20,000
VIC
$20,000*
WA
$10,000
* For Victoria regional area only. $10,000 for all other Victoria areas.
Last updated: 3 September 2018
