First Home Buyers In Adelaide – What You Need to Know: First Home Owner’s Grant ACT
In the ACT the First Home Owner Grant (FHOG) Scheme was introduced on 1 July 2000 and provides a $7,000 grant to first home buyers to purchase their first home.
A first home owner grant cap applies for 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. This cap does not apply to eligible transactions that commenced before 1 January 2011.
Get in touch with one of our brokers now on 1300 555 888 to discuss how you can claim the grant.