First home owner grant explained
The first home owner grant (FHOG) was created to help you buy or build your first home. It is a federal initiative that is administered and funded by the state government. Eligable First Home buyers receive $7,000 grant.
Who is eligible for the FHOB grants?
- Individuals over 18 years of age – a company or trust does not qualify.
- An applicant or applicant’s spouse must not have received an earlier grant or previously owned a home in Australia before 1 July 2000.
- At least one applicant must be an Australian citizen or permanent resident.
- Joint applicants will be restricted to one application and only one payment will be made.
- At least one applicant must live in the home as their primary place of residence for a continuous period of six months, within 12 months of settlement or construction.
What types of homes are eligible?
- Newly built or established dwellings, including houses and units.
- Houseboats and mobile homes are not eligible.
When will the grant be paid?
- For existing homes, payment will be made at or after settlement of the property.
- For newly built homes, payment will be made after the Certificate of Occupancy/Completion has been issued.
For more information you should contact the Office of State Revenue, which you can do by clicking on the link below.
Click here to visit the Queensland Office of State Revenue website