The Queensland State Budget introduces changes to the First Home Owner Grant

The Queensland State Budget introduces changes to the First Home Owner Grant

Changes to First Home Owner Grant for Existing Dwellings

Currently, eligible buyers purchasing their first home worth less than $750,000 (whether an existing or newly constructed dwelling) are entitled to receive the First Home Owner Grant (FHOG) of $7,000.

First home buyers purchasing existing dwellings will have until 10 October 2012 to finalise their contract to be eligible for the existing $7,000 FHOG.  The contract must be dated on or before 10 October 2012.

From 11 October 2012, there will be no grant available to first home buyers purchasing existing dwellings.