February 27, 2014
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
While all reasonable efforts have been made to ensure that the information contained in this Blog is accurate and up to date, changes in circumstances after the date of publication may impact upon the accuracy of the information. Nothing contained in this Blog shall be construed as conferring any licence or right under any trade mark or in relation to any copyright of Mortgage Choice Ferndale WA or any third party. Any services referred to on this Blog are only available to Australian residents and are not available to any person who is a resident of any other country. Subject to any implied terms which cannot be excluded by law, Mortgage Choice Ferndale WA and its directors, officers and employees, do not accept any liability for any loss or damage, however caused, to any person arising from the use of or reliance upon the information contained in this Blog. Mortgage Choice Ferndale WA does not accept liability for information contained in websites linked to this Blog.