First Home Buyers Grant

First Home Buyers Grant

As part of the 2009 budget, the Federal Government announced that they will extend the boost to the First Home Buyers Grant until December 31, 2009. Under the new changes, the boost will exist in it's current state ($14,000 for the purchase of existing homes and $21,000 for the purchase of of newly constructed homes), from June 30 until September 30 2009. At this stage, the boost will then be phased down to $10,500 for existing properties and $14,000 for newly constucted properties, from October 1 till December 31 2009.

First Home Buyers Grant applications and eligibility

As the grant is administered under the legislation of the states and territories, application procedures may vary. Your local mortgage broker can help you determine your eligibility, get other state specific entitlements and even help you complete your paperwork. Simply email us the form on this page or call at any time on 13 XINC or direct on +61 2 9249 3739 and we will contact you within 2 business hours.

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First Home Buyers Grant Eligibility Criteria - federal

To qualify for the first home buyers grant, you will need:

• Your application must be made within 12 months of completion of construction or settlement of the home
• You or a joint applicant must be an Australian Citizen or permanent resident. Requirements vary among states and territories regarding the number of applicants who must be an Australian citizen or permanent resident and age of the applicant
• You must be buying or building your first property as a person, not as a company or trust
• You or your spouse must not have previously owned an interest in land in Australia that had a residence on it prior to July 1, 2000
• You or your spouse must not have owned and occupied a home after July 1, 2000
• If you have purchased investment property(ies) after 1 July 2000 as long as you have never owned property before 1 July 2000 and have never lived in the investment property(ies), you should eligible.
• Neither you or your spouse must have claimed this grant previously

First Home Buyers Grant - State Specific Information

In addition to the federal government grant, each state offers different additional support to first home buyers. To find out what additional bonuses you are entitled to in your state, select your respective state at the bottom of this page.

First Home Buyers | ACT | New South Wales | Victoria | Queensland | Western Australia | Northern Territory | Tasmania | South Australia

specific first home buyers Information

For more information specific to first home buyers, visit these pages:

• Fees, Charges and Loans information
• How much can I borrow?
• Deposit - what is the minimum I need to buy a house?
• Legal processes, inspections and checks
• Finance & Home Loans Tips
• Honeymoon rates - are they good value?