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First home owners grant & stamp duty concession information
First Home owners grant (FHOG)
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 $7000 is payable to first home owners that satisfy all the eligibility criteria outlined below.
- Each applicant is a natural person and not a company or trust.
- At least one applicant is a permanent resident or Australian citizen.
- Each applicant must be at least 18 years of age.
- All applicants and/or their spouse/de facto have not owned a residential property, jointly, separately or with some other person, in any State or Territory of Australia before 1 July 2000.
- All applicants and/or their spouse/de facto have not owned on or after 1 July 2000 a residential property and occupied that property jointly, separately or with some other person in any State or Territory of Australia for a continuous period of at least six months.
- Each applicant has entered into a contract for the purchase of a home or signed a contract to build a home on or after 1 July 2000. In the case of an owner-builder, laying of the foundations commenced on or after 1 July 2000.
- The total value of the property does not exceed the $750,000 cap for eligible transactions which commenced on or after 1 January 2010 (cap varies between states and territories).
- This is the first time an applicant and/or their spouse/de facto will receive a grant under the First Home Owner Grant Act 2000 in any State or Territory (unless subsequently repaid).
- At least one applicant will occupy the home as their principal place of residence for a continuous period of at least six months, commencing within 12 months of settlement or construction of the home.
Stamp duty concessions and additional grants
Each state and territory has different ways of assisting first home buyers in addition to the Fhog. Some offer concessions or a complete exemption from paying stamp duty while some offer an additional grant or combination of the two. Some states also have additional grants and or concessions available for regional areas.
Please click on your state or territory below for more information.