|First Home Owners Grant ? FHOG
The Federal Government introduced the FHOG in 2000 to assist first home buyers with the costs of purchasing their first home. It was implemented at the same time as the GST was introduced and was also aimed at offsetting the effect this tax could have towards First Home Buyers.
When introduced it was a non means tested grant of $7000. In recent times we have witnessed changes to the scheme which has seen the initial grant boosted as high as $21000.
The FHOG is a national scheme which is administered by each State and Territory. As such, there may be different incentives offered in each area such as reductions in stamp duty or other concessions.
We can help you to access the First Home Benefits you may be entitled to and can discuss your eligibility to these funds, so please call us to have a chat.
If you would like more information, please visit this Government website which has links to each State’s relevant information www.firsthome.gov.au