Making the FHOG Cut

The First Home Owners Grant (FHOG) has become a boon to Australian first home buyers who are determined to have their own abodes. Formally known as the First Home Owner Grant Act of 2000, the programme is meant to counterbalance the higher housing expenses brought forth by the Goods and Services Tax Act.

Under the FHOG, residents seeking to have a home built will be given a one-time cash grant of $10,000. The programme does not have income or asset tests, but there are a set of rules and regulations that applicants must follow to ensure eligibility. Below are three of the most important ones:
  • Applicants should be Australian citizens or permanent residents that are at least 18 years old at the time of the FHOG transaction.
  • They should not have owned any residential property in the country before the FHOG Act was enacted on July 1, 2000, as well as not have lived in the said property before July 1, 2004.
  • Homeowners should continually reside in their new FHOG-funded home for at least six months, starting within twelve months of completion of their application.

FHOG applicants who are aiming for a house built with the programme’s support should consult an approved agent. These professionals may help bolster the chances of FHOG support in a variety of ways. 

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