Mates Rates is here to help you with all your First Home Owner Grant questions
The First Home Owner Grant scheme is a national scheme funded by the States and Territories and administered under their own legislation – so eligibility and offers differ from State to State.
However, First Home Owner Grant eligibility generally includes:
- You must be a first home buyer as a person, not as a company or trust.
- At least one applicant must be a permanent resident or Australian citizen.
- Each applicant must be at least 18 years old.
- You or your spouse, partner or co-purchaser must not have previously owned an interest in land in Australia which had a residence on it, before 1 July 2000.
- You or your spouse or partner cannot have lived in a residential property which you owned from 1 July 2000.
- You or your spouse, partner or co-purchaser may not have claimed the grant previously.
- You must occupy your first home as your principal place of residence within 12 months of the construction or purchase of your home and the minimum period of occupancy is 12 continuous months.
There are other State-specific conditions as well, which will depend on the state you’re buying in.
How much is the first home owner’s grant?
Under the scheme, a one-off cash grant is available to buyers who have never purchased a home before.
The amount of the grant varies between States and Territories, so to find out what’s on offer and the State-specific conditions, click the relevant link below.
