Grant for First Home Buyers in Western Australia

Western Australia-based couples who decide they are ready to buy their first home should know that doing so takes commitment and effort. While they are willing to devote their time and energy to finding their ideal home, they also need to be financially ready for the accompanying costs. Fortunately, couples can rely on the assistance of the Federal Government through the First Home Owners Grant or FHOG.

FHOG was introduced in 2000 to assist first-time home buyers and offset the impact of the Goods and Services Tax (GST). Under the conditions of FHOG in Western Australia, first-time home buyers will be provided with $10,000 when purchasing or building a new home, while $3,000 will be given to those purchasing an established home—as long as the property doesn’t cost more than $750,000.

However, before you can apply for FHOG, you have to consider first if you meet the criteria specified by the Department of Finance. If you don’t meet the requirements, you won’t qualify for FHOG. For instance, if your spouse/partner previously received FHOG or owned a residential property with a former spouse/partner, you won’t be eligible.

If you are eligible for FHOG, you can submit your application and allot time for processing. Remember, though, that once your application is approved, the payment will not be released right away—different states and territories have their own schedules based on the kind of property purchase. Consult the FHOG site for your area regarding grant schedules.

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