First Home Buyers

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.

More information: http://www.revenue.act.gov.au/home-buyer-assistance/first-home-owner-grant

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