First Home Buyers Grant WA | First Home Owners Grant WA
First Home Buyers Grant WA is officially known as the First Home Owners Grant or FHOG and is available for Western Australian first home buyers.
The First Home Buyers Grant is a one-off grant payable to all first home owners that meet the eligibility criteria (see below).
For eligible first home buyers the First Home Buyers Grant provides $7,000 towards the purchase of an established home and $7,000 toward the purchase of a new home.
To be eligible for the First Home Buyers Grant you must:
1. be at least 18 years of age
2. be an Australian citizen or permanent resident
3. not have previously received the First Home Grant or have a spouse
(or defacto) who has previously received the First Home Grant
4. generally not have previously received the First Home Grant or have
a spouse (or de facto) who has previously owned and lived in a home in
Australia and
5. live in the home for a continuous period of at least 6 months, commencing
within 12 months after completion or settlement
What is an existing home and a new home?
An existing home is a house, unit or apartment that has been previously been owned or lived in.
A new home is a home that has never been sold before nor occupied by any person and includes:
- contracts to build a new home
- new homes bought 'off the plan'
- new homes constructed by owner-builders
- purchase of new homes that have been built but never sold or occupied, for example display homes.
For an existing home, the First Home Owners Grant WA (FHOG) will be paid in a lump sum on the day of settlement.
For a new home, the First Home Owner Grant WA (FHOG) is paid upon completion. In most cases, this is when a certificate of occupancy is provided. If you are building a new home and using a registered builder, some approved lenders will pay the first home grant once the slab is laid. This gives you access to the funds much earlier.
Other Support
In addition to the above government grants, there may be additional support offered for first home buyers through state and territory governments, such as extra grants or stamp duty concessions. Visit your state or territory revenue office website via our Links page for more information.
The First Home Buyers Grant WA (FHOG) is not means tested.
In Western Australia the purchase price of a home has been capped at $750,000.
Looking for a home loan?
The First Home Buyers Grant is a great help towards the purchase of your new home. Custom Finance can help you find the most suitable home loan to suit your individual circumstances. With access to over 25 different lenders we will find you the right home loan.
You may also be interested in House and Land Packages Perth if your are considering building.
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