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ACT First Home Owners Grant
The First Home Owner Grant was reduced to $7,000 on 1 January 2017.
The residency requirement for the First Home Owner Grant is 1 year, with the period of occupation commencing within 1 year after completion of the eligible transaction to which the application relates.
The FHOG scheme is fully funded by the ACT Government and administered by the ACT Revenue Office.
A first home owner grant cap applies to eligible transactions that commence on or after 1 January 2011. The cap limits the total value of eligible properties (i.e. total value of home and land) to $750,000 or less.
The First Home Owner Grant has been retargeted to new and substantially renovated properties only and is no longer available for the purchase of established properties.