General
- When does the First Home Owner Grant end?
The First Home Owner Grant is an on-going scheme with no end date set.
- What is the First Home Owner Grant scheme?
The First Home Owner Grant Scheme involves provision of a grant to help people purchase or build their first home after 1 July 2000. It is not a loan and does not need to be repaid. The grant has been developed to offset the impact of the GST on the purchase or construction of first homes.
- Is the grant only for people who are building a home?
No. The grant is also available on the purchase of an existing home.
- Is the grant available on the purchase of a vacant block of land?
No. The grant is only available for a home, not vacant land.
- Does each applicant get $7,000?
No. Only one grant is payable per eligible transaction (contract) regardless of the number of eligible applicants involved in the transaction.
- Is the grant taxed?
No. There is no tax payable on the First Home Owner Grant.
- Does my income affect my eligibility?
No. There is no means test to determine your eligibility.
- Does the price of the home need to be under a limit to receive the First Home Owner grant?
Currently there is no limit on the price of the home. However, effective from 1 January 2010 the First Home Owner Grant will be capped and only be available for properties valued up to $750,000.
