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First Home Owners Grant (FHOG)

First Home Owners Grant (FHOG)  is a one-off tax-free Federal Government payment to anyone buying a first home in Australia.

Contract Date (1 July 2010 – 30 June 2011)
Conditions First Home Owner Grant (FHOG) First Home Bonus First Home Owner Regional Bonus Total
Established homes only $7,000# $0.00 $0.00 $7,000
Newly constructed homes in Metropolitan Victoria only $7,000# $13,000* $0.00 $20,000
Newly constructed homes in Regional Victoria only $7,000# $13,000* $6,500* $26,500
#For contracts entered into after 1 January 2010, to qualify for the Grant, the price of the property or construction of the home must not exceed $750,000.
*For contracts entered into between 1 July 2009 to 30 June 2011, to qualify for the Bonus, the value of the property must not exceed $600,000.

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