First Home Owner Grant: Western Australia

From 25 September 2013 the First Home Owner Grant amount  in WA is as follows:

  • $10,000 for first home buyers purchasing or building a new home
  • $3,000 for those purchasing an established home

NOTE:  For metropolitan purchases, the property (house and land) must be valued at less than $750,000.

Who is eligible for the grant?

To be eligible for the FHOG, applicants must satisfy the following criteria:

An applicant must purchase the home as a natural person, (i.e. not a company) and be 18 years and over at the commencement of the eligible transaction (i.e. at the date the contract is made).

At least one applicant must be an Australian citizen or a Permanent Resident at the time of applying for the FHOG.

Applicants and/or their spouse cannot have previously received the FHOG from any jurisdiction in Australia.

Applicants and/or their spouse cannot have previously owned a home anywhere in Australia prior to 1 July 2000.

Applicants and/or their spouse cannot have previously owned a home anywhere in Australia after 1 July 2000 and occupied that home before 30 June 2004.

Applicants and/or their spouse cannot have previously owned a home anywhere in Australia after 1 July 2000 and occupied that home for a period of not more than six continuous months commencing after 30 June 2004.

Applicants must occupy the home as their principal place of residence for a continuous period of at least six months commencing within 12 months of settlement in the case of established properties, or within 12 months of completion in the case of a home being built.

Applicants must hold a relevant interest (ownership) in the land on which the home is situated.

The applicant must enter into a contract to buy or build (or in case of an owner builder commence construction) on or after 1 July 2000.

If people buy a house together and neither has owned a house before, can they get more than one grant?

No. Only one grant is payable for the same eligible transaction. This means that where two or more persons jointly purchase or build their first home in which they will all reside as their principal place of residence, only one grant will be paid.

Find out more: http://www.finance.wa.gov.au/cms/content.aspx?id=344

For assistance with your first home finance, contact

Mark Hevron 0418 915 920

mark.hevron@mortgagechoice.com.au

 

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Posted in: First home buyers

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