First Home Owner Grant

[zeizeno]

Hello everyone, 

I am a new Aussie permanent resident and quite recently I came across this nationwide scheme called "First Home Owner Grant". However, I couldn't completely grasp it properly. Is there anyone who can shed some light on it? and explain it in simple language. 

 

Kind regards,

 ZZeno

[adele244]

Hi there, I looked into this. It has to be a brand new build (not bought off a previous owner) and the grant allowance differs for different states.

It also to be the first house you purchase in Oz.

Hope this helps.

 

[Guest]

Pretty much that above IIRC. Although when we bought you could use it for an older already lived in house. TBH its was a pretty rubbish amount given the whack of stamp duty we had to pay and the grant was a faction of that, 5K total as it was per house, not per person. 

Still I guess every bit helps  I'd rather they do away with stamp duty for first time buyers but not a hope of that I don't think 

[MissionMelbourne]

15 hours ago, zeizeno said:

Hello everyone, 

I am a new Aussie permanent resident and quite recently I came across this nationwide scheme called "First Home Owner Grant". However, I couldn't completely grasp it properly. Is there anyone who can shed some light on it? and explain it in simple language. 

 

Kind regards,

 ZZeno

As a previous post explains, it varies from atate to state, I was on a Reccie in Victoria last month and we were told by a mortgage advisor that people on permanent resi visas  outing for the first time in Aus qualify for 10k grant on a new home with a value up to 750k

[Metoo]

Here in Queensland it has to be your first home, ever, including all other countries. We didn't qualify as we owned previously in uk, though we did get a reduction on the stamp duty. 

[Skani]

Conditions do vary somewhat between states and territories.  Go to this site then select the relevant location for you:

http://www.firsthome.gov.au/