In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
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 was a national scheme funded by the states and territories and administered under their own legislation.
Under the original scheme, a one-off grant of $7000 was payable to first home owners that satisfied the eligibility criteria.
Today the concessions available to first home buyers from the government vary from state to state. Some offer stamp duty concessions in lieu of actual cash grants or grants are only available for newly built homes. There is also now the government guarantee scheme which is more about avoiding the cost of lenders mortgage insurance (LMI).
Stamp duty concessions and additional grants
Each state and territory has different ways of assisting first home buyers. 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.
State & Territory based information
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