Who's Eligible?
To be eligible for the FHOG, applications must satisfy the following eligibility criteria:
- Each applicant must be a natural person (i.e. not a company or trust)
- Each applicant must be 18 years of age or over at the commencement date of the eligible transaction
- At least one of the applicants must be an Australian citizen or permanent resident at the time of making an application.
- Each applicant and/or their spouse cannot have previously received a FHOG under this scheme
- Each applicant and/or their spouse cannot have owned residential property anywhere in Australia before 1 July 2000.
- Each applicant and/or their spouse cannot have previously owned residential property anywhere in Australia on or after 1 July 2000 and occupied that property as a place of residence before 1 July 2004.
- Each applicant and/or their spouse cannot have previously owned residential property anywhere in Australia on or after 1 July 2000 and occupied that property as a place of residence for a continuous period of at least six months that began on or after 1 July 2004.
- Each applicant must occupy the home being purchased or built as their principal place of residence for a continuous period of at least six months, commencing within twelve months of completion of the eligible transaction.
- Each applicant must have entered into an eligible transaction on or after 1 July 2000. An eligible transaction is defined under section 14 of the First Home Owner Grant Act 2000, but is generally a contract for the purchase or construction of a home, or commencement of construction of a home as an owner builder.
- For eligible transactions commencing on or after 1 January 2010, the total value of the home must not exceed the cap amount. The cap amount is:
- $750,000 if the property is located south of the 26th parallel of South Latitude, or
- $1,000,000 if located north of the 26th parallel of South Latitude.
For more details, see the FHOG fact sheet here.
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