Let us help you with your next move! Purchasing your first home can be both exciting and nervous. Did you know that you may be eligible for up to a $20,000 one-off grant?
First home owner grant (FHOG) is a government scheme, introduced on 1 July 2000 to help first home buyers offset the effect of GST.
Are you eligible?
• Your new home must be less than 5 years old.
• Your new home value must be lower than $750,000.
• Your new home must be the first sale as a residential premise.
• You have never received a FHOG or owned a residential property in Australia.
• You must be 18 years old or over.
• You must be an Australian citizen or permanent resident, or you hold a permanent visa under s 30(1) of the Migration Act 1958.
• You must occupy your first home as the principle place of residence for at least 12 continuous months, starting within the first 12 months of settlement.
Note: you will not be eligible if your spouse/partner owned property prior to 1 July 2000 or previously obtained FHOG.
More exceptions may apply, visit the Victoria State Revenue Office website: https://lnkd.in/gpikSJq for more information.
Feel free to contact us if you have any inquiries, our team members are always here to help!
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