First Home Buyers Grants - Federal & State
First- Home Buyer's Grant Overview
Through the state governments, the Federal Government has a grant available to first-home buyers of $7000 to go towards the purchase of their first property. Each state is different however. First-home buyers in New South Wales and Victoria get a further bonus from their state governments. Other states offer various benefits, such as stamp duty concessions, to first-home buyers. In short, to qualify for grant:
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The application must be made within 12 months of completion of construction or settlement of the home
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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
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You must be buying or building your first your first property as a person, not as a company or trust
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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
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You or your spouse must not have owned and occupied a home after July 1, 2000
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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
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Neither you or your spouse must have claimed this grant previously
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Entering into a building, in the case of owner-builders, must have occurred on or after July 1, 2000
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An eligible home must be located in Australia and be a new or established house, home unit, flat or other type of self-contained fixed dwelling that lawfully can be used as a place of residence
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An eligible home must be occupied by you as your principal place of residence within 12 months of construction of the home. There are minimum periods of occupancy required by each state or territory
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Joint applicants are restricted to a single application for a single property and only one payment of $7000 is made
First Home Buyers Information Websites
Below are the government websites that will give you information on First Home Owner schemes in your state, including detail on common questions about general eligibility, qualifying homes, residency requirements, how to make an application, supporting documentation, payment of grant and spouse information.
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For more information specific to first home buyers, visit these pages:
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