Stop chargebacks
The First Home Owners Grant (FHOG) is a one-off cash payment that’s offered by the state and territory governments to help eligible first home buyers buy their own homes. However, the rules around this scheme can vary a lot from state to state and territory to territory, so it’s always worth double-checking your eligibility before you apply.
Eligibility for the FHOG depends on your circumstances and where you’re buying from, so check out our guide to each state and territory’s scheme for more details.
The Importance of Accurate Transaction Processing in Preventing Chargebacks
The amount of the grant varies from state to state and territory to territory, but typically it’s between $10,000 and $15,000 in most cases. You’re also likely to need a loan to purchase your new home.
When is the grant payable?
The First Home Owners Grant is only available to first-time home buyers. The grant will only be paid if you’re buying a new or substantially renovated house, and you must live in your new home as your principal place of residence for at least 12 continuous months commencing within 12 months of the date you complete the purchase transaction.
What do I need to fill out?
You will need to complete the grant application form and provide evidence that you have met the residency requirement. This includes providing proof that you have moved into your new home as your primary residence.