2. What's the First Home Owners' grant?
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To help you buy your first home, the Federal and State governments provide a one off payment of $7,000 to eligible applicants.
Do I qualify for the First Home Owner Grant?
In order to help you understand if you qualify for a First Home Owner Grant you must satisfy all these criteria:
- Each applicant is a natural person and is not a company or trust.
- At least one applicant must be an Australian citizen or a permanent resident.
- Each applicant must be at least 18 years of age.
- Each applicant must not have owned a residential property, jointly, separately or with some other person, in any State or Territory of Australia before July 2000.
- Each applicant must not have previously owned a residential property jointly, separately or with some other person in any State or Territory of Australia, and occupied that property for a continuous period of at least six months.
- Each applicant has entered into a contract for the purchase of a home or signed a contract to build a home on or after 1 July 2000. In the case of an owner- builder, laying of the foundations commenced on or after 1 July 2000.
- This is the first time an applicant will receive a grant under the First Home Owner Grant Act 2000 in any State or Territory.
- At least one applicant must reside in the home as their principal place of residence for a continuous period of 6 months commencing within 12 months of settlement or construction of the home.
How do I apply?
A Hume Lending Consultant can help you with your First Home Owner Grant application.
Like to know more?
For further information on the First Home Owner Grant , speak to a Hume Lending Consultant, visit the government's website firsthome.gov.au or contact the relevant State Revenue Office:
Victoria
13 21 61
New South Wales
1300 130 624
Hume Lending Consultant
02 6051 3233
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