Turn your dreams of home ownership into reality with a grant from the Australian Government.

Things you need to know:

The Australian Government sets the amount of the grants and they may change without notice. Visit the Government's First Home Owner's Grant for full details.

$30,000 boost for first home builders

If you're considering purchasing your first home, now is a great time to start exploring your options especially when it comes to building a new home, or purchasing a home off a developer's plan or newly built 'spec' home.

Why now you ask? Because you may be eligible for a government grant of up to $30,000 to help realise your dreams of home ownership.

Currently there are two grants available:

  • A First Home Owners Grant (FHOG) of $10,000; or
  • A First Home Builders Boost (FHBB) of $20,000.

If you're entering the market for the first time, and you meet the criteria, you may be able to secure a total grant of up to $30,000.

FHOG qualifying criteria include:

  • None of the applicants or their spouse/partner can have previously owned a residential property anywhere in Australia prior to 1 July 2000.
  • An applicant or their spouse/partner cannot have acquired an interest in a residential property on or after 1 July 2000 and occupied that property.
  • Applicants must occupy the home purchased or built, as their principal place of residence for a continuous period of 6 months commencing within 12 months of the date of purchase or completion of construction.

In addition to meeting the above criteria for the FHOG, the FHBB is available for applicants who either enter into a contract to build a new home, or commence building a new home before 31 December 2014.

This can include building a new home (either as an owner builder or through a registered builder), or purchasing a newly built 'spec' home or home to be built off a developer's plan.

Our lending specialists are on hand to helpĀ - make an appointment today by calling 1300 306 716 or drop into your local branch.

Things you need to know:

The Australian Government sets the amount of the grants and they may change without notice. Visit the Government's First Home Owner's Grant for full details.

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