FHOG is a grant given from the State Government to help and encourage first home owners to buy or build a residential property to use as their principal place of residence. For new or built homes, you can be currently given up to a $10,000 grant with stamp duty waived. For established homes, there is no longer any fee assistance. However, stamp duty will still be waived up to a purchase price of $430,000 and pro rata up to $530,000.
Am I eligible for FHOG in WA?
– Are you over 18?
– An Australian resident?
– Never owned a home before and are not married/ de facto with someone that has owned a home/ received FHOG in the past and;
– Will occupy the property as your principle place of residence for at least 6 months, within 12 months of purchasing?
If you answered yes to all of those, chances are you would be eligible. However, there are many criteria, so to be sure pop over to
https://www.finance.wa.gov.au/cms/State_Revenue/FHOG/About_the_First_Home_Owner_Grant.aspx to have a better look.
If you have any questions please give Fiona Ewen a call on 0412411823.
* Please note, different criteria may apply for each state of Australia*
Disclaimer: Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product.
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