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What is the First Home Owner Grant (FHOG)?

A.k.a the ones that fund the dream

Who is eligible for the First Home Owner Grant?

This is usually the bit that comes with a catch, right? You’ve got to earn more than, or less than, or be able to do a handstand bend back double flip (we never mastered that one either). Not this time. This time, the criteria’s pretty cruisey. It’s like they actually want to give you the money.

General Eligibility Requirements

  • To qualify for the First Home Owner Grant, you have to be a real-life human (no robots allowed). You also can’t be a trust or a business.
  • To claim the FHOG you need to be buying a new home, not an existing property. We’re guessing being on here means you’re with us, so that’s another tick.
  • You have to be over 18 to be eligible for the first home buyer grant; if you’re not, remember good things come to those who wait. Also, you can apply for an age-related exemption.
  • You have to be an Australian citizen or permanent resident.
  • You really have to be a first home buyer. If you’ve owned another residential property in Australia, you’re not eligible for the FHOG.
  • You’re building your castle, but you’ve also got to live in it. Every applicant for the First Home Owner Grant has to live in the home for a continuous period of at least six months, within 12 months’ completion of the transaction.
  • You need to choose a package valued at under $750k, which is any of these house and land packages
  • Also, this is a one-time deal. If you’ve received the FHOG from any jurisdiction within Australia before, you can’t rinse and repeat and claim it again.
Pretty simple, no? We told you it was catch-free.
There are a couple of eligibility variations, depending on the state you’re making your FHOG application in. Don’t worry, it’s not red tape; it’s actually a good thing – In South Australia, they’re splashing even more cash to help you build your dream home. How much is FHOG there, you ask? A cool $15,000. Looks like a good time to build in Adelaide. In ACT, the First Home Owner Grant has been replaced by the home buyer concession, which comes with its own rules and regs. Don’t worry there’s still a pot of potential gold at the end of your building rainbow. In Queensland or Tasmania, the grant amount has increased to $30,000. It’s like a license to print money. Or create a remarkable home for yourself. NSW and Victoria play by the same rules as WA, with $10,000 up for grabs as a helping hand towards your dream home.
All it takes is a few simple clicks. And the best bit is – you can even ask somebody else, that somebody being the financial institution or bank that’s lending you the cash, to move the mouse for you. To access the First Home Owner Grant in Western Australia, you can fill out the form online through the FHOG portal, or your lender can do it on your behalf. The state government’s website is a good place to find the information on applying for the grant in WA.
la vida homes happy people cheers

Being a first home owner is remarkable in itself. But it also comes with a completely catch-free, no strings attached, never ever have to pay back, $10,000 cheque. Just for being you.

And this time it’s nothing to do with the bank of mum and dad; it’s the government’s First Home Owner Grant. All designed to help young renters like you get into a home of your own. Now that’s something that gets our vote.

Ok so what's next?

Our brilliant Vida is ready to help. Ask anything. Really… go on 👇

Phoebe Gonzalvo-Hall

The one who lives for the hustle
M 0448 185 877
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