first home buyers
first home owner grant (FHOG)
We’ll arrange all the paperwork so you can take advantage of the First Home Owners Grant Scheme.
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First Home Owners Grant (FHOG)
Effective from 14th of October 2008, The Australian Government announced a First Home Owner Boost, which supplements the NSW Government funded First Home Owner Grant Scheme. According to the announcement from the Commonwealth, first home buyers who purchase established homes will receive a boost of $7,000 that will double the grant to $14,000; first home buyers who build a new home or purchase a newly constructed home will receive an extra $14,000 to take their grant to $21,000.
In addition, first home buyers in NSW who qualify for the First Home Owner Grant and are buying a newly constructed home or building their first home will be eligible for an additional $3,000 payment known as the NSW New Home Buyers Supplement. The Supplement is in addition to the $7,000 First Home Owner Grant and the Australian Government’s $14, 000 First Home Owner Boost. The maximum benefits to a first home buyer may be up to $24,000.
All contracts entered into by 30 June, 2009 will be eligible for this new additional assistance.
Application for the Grant will be received and paid by the NSW Office of State Revenue (OSR). The Grant is not means tested and there is no limit on the purchase price of the property.
Broad principles of the Grant are:
  • Eligible applicants must be individuals (not a company) who are Australian citizens or permanent residents who are either buying or building their first home in Australia.
  • To qualify for assistance, neither the applicant nor their spouse (or defacto) must have previously owned a home, either jointly or separately.
  • Joint applicants will be restricted to a single application for a single property and only one payment will be made.
  • At least one applicant will occupy the home as their principal place of residence for a continuous period of 6 months, commencing within 12 months of settlement or construction of the home.
How do I apply?
Just contact our Loan Consultant on the link below, and we can organise all the necessary information needed to fill in the forms. As long as this is the first home you intend to buy and live in, and you are an Australian resident or citizen, you should be eligible for the Grant.