Home | Products | Services | Investment Properties | About Us | Careers | Contact

HOME LOANS

  Offset Loans
  Lines of Credit
  Lo Doc Loans
  Full Doc Loans
  No Doc Loans
  Bridging Loans
  First Home Buyers
BUSINESS FINANCE
  Construction Loans
  Commercial Loans
  Investment Loans
FINANCE SOLUTIONS
  Mortgage Reduction
  Debt Consolidation
  Debt Reduction Programs
  Mortgage Refinancing
  Commercial Refinancing
  Restructuring Loans
WEALTH STRATEGIES
  Investment Stategies
  Investment Properties
  Investment Loans
  Financial Planning

 

First Home Owner Grant

The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation.


Under the scheme, a one-off grant of up to $14,000 is payable to first home owners that satisfy all the eligibility criteria.


First Home Owner Grant Changes


The Australian Government has announced a First Home Owner Boost, which supplements the State & Territories Government funded First Home Owner Grant Scheme.


 

 

According to the announcement from the Australian Government:


- First home buyers who purchase established homes will receive a boost of $7000 that will double the grant to $14,000


- First home buyers who build a new home or purchase a newly constructed home will receive an extra $14,000 to take their grant to $21,000.

 

To determine if you are eligible for this grant please consider the following:

-> Will this be the first time you and/or your spouse/de facto has received a grant under the First Home Owners’ Grant 2000 in relation to purchasing a home?

-> Will this be the first time either you or your spouse/de facto have ever owned a home either jointly, separately or with some other person anywhere in Australia?

-> Are you or your spouse/de facto a “natural person” who is buying or building your first home in Australia? The First Home Owners Grant doesn’t apply to applications made in a Company or Trust name.

-> Are you and/or your spouse/de facto a permanent resident of Australia?

-> Are you and/or your spouse/de facto intending to occupy the established home as your principal place of residence within 12 months of either the date of settlement or completion of construction?

-> Take the confusion out of the home loan process

-> Help you wherever you are in Australia

 

 

 


Australian Financial Market will help with your enquiry...

Home | Home Loans | Business Finance | Wealth Strategies | Financial Solutions | First Home Buyer
Cheap Interest Rates | Debt Consolidation | Lo Doc Loans | Mortgage Reduction | First home owner grant | Investment Strategies

Home Loans Sydney | Best Home Loans in Australia | Australian Financial Market | Commercial Loans | Investment Loans | Australian Home Loans
Cheap Interest Rates - Cheap Home Loan Rates - Australian Financial Market best home loan rates - Sydney's cheapest interest rates - Perth's cheapest interest rates - Brisbane's cheapest interest rates - Adelaide's cheapest interest rates - Melbourne's cheapest interest rates - Canberra's cheapest interest rates - compare interest rates - mortgage calculators - home loan savings calculator - mortgage loan repayment calculator - loan comparison mortgage calculator - mortgage extra repayments calculator - Best Home loans in Parramatta, Sydney, Canberra, Melbourne, Perth.
Copyright © 2008 Australian Financial Market in Sydney. All Rights Reserved. Website designed by Inspired Media
AFM Privacy Policy | AFM Terms & Conditions