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?
Yes, effective from 1 January 2010 the First Home Owner Grant is capped. The cap amount is reviewed annually and the applicable cap amount is determined by the commencement date of the eligible transaction. The grant will only be available for properties with a total value not exceeding the cap amount.
