Am I eligible for the First Home Owner Grant?
First home buyers may get a helping hand from the Federal Government, in the form of the First Home Owners Grant, which is equivalent to a tax-free grant of $7000 First Home Owners Scheme grant. Additional rebates are available from each State, and Federal government. From 1st August 2011 Queenslanders buying a newly constructed home or signing a contract to build a new home will get $10,000 Grant* from the State Government for properties valued up to $600,000.
First Home Buyers who purchase a property under $500,000, will pay Zero Stamp Duty and Zero Mortgage Duty and receive a full $17,000 with the $10,000 boost. Donwloan flyer here
To be eligible for the Grant, you and any joint applicants must satisfy all the eligibility criteria.
In addition, any person who has a relevant interest in the land on which the home is situated must be an applicant and must also satisfy the eligibility criteria:
- You must have an eligible transaction in relation to the purchase or construction of your first home and
- You must reside in the home to which your application relates as your principal place of residence for a continuous period of at least six months.
The period of occupation must start within one year after the eligible transaction is completed.
Below we have provided the web address for your state/territory office of revenue. They can provide you with the latest information on the First Home Owner Grant, including eligibility requirements and application forms.
Contact Information
