Six common questions about the First Home Owners Grant

The First Home Owners Grant (FHOG) is money given by state governments to assist people to purchase their first home. The amounts vary from state to state and in many states it is only available for purchases of newly-built homes that have never been lived in. Queensland and Tasmania offer the most generous grant, at $20,000 for first home buyers. However, with the high cost of stamp duty in NSW, in that state the overall savings also end up quite high, at $10,000. This website contains links to each state’s First Home Owners Grant page, featuring further information. In the meantime, here are six of the most common questions we get asked about the First Home Owners Grant.

1 – How do I go about getting the First Home Owners Grant? Does the lender organise it for me or do I have to do it myself?

Most banks will organise and process the First Home Owners Grant application on your behalf. At UNO, we provide our clients with a homeowner’s grant application form and assist them with completing the paperwork and gathering the necessary documents, including proof of identity, proof that you are a citizen or permanent resident, and proof of your current residential address. Once you’ve done this, we send it along to your approved lender and they take it from there. It’s really important that you speak to your solicitor about your eligibility for the grant.

2 – Can I use the First Home Owners Grant as my deposit?

This is a common question and it’s a little confusing. The answer is no and yes. No you can’t, because the money isn’t made available to you until further along in the house purchase process. However, it will be considered as part of your overall contribution to the purchase once it’s made available, so in that sense, yes it can be used towards your home payment. It should be noted that the FHOG is not actually paid to you – i.e. you don’t collect the mail one day and find a fat cheque from the government (unfortunately!). Rather, when you get to settlement, the money is made available to your solicitor to direct as required. Furthermore, if you’re buying a house and land package, the money is, in some cases, ready to go once a concrete slab has been laid for the property, so the funds can be made available to draw in the construction process.

3 – Can I apply for the First Home Owners Grant in multiple states?

No. You can only receive the First Home Owners Grant once, and land title records in the various states show whether or not you’ve previously owned property. It is up to your solicitor to verify that you are eligible for the grant.

4 – Can I get the grant if I’m buying an investment property?

No, the First Home Owners Grant is available only for property you will live in. Rules vary from state to state, but generally you have to move into the property within 12 months of purchase and you need to live there for between six and 12 months. After that period, you are free to move out of the property and treat it as an investment.

5 – I already got the First Home Owners Grant with my ex-partner but we broke up. Can I get it again?

If you were registered as the owner of the property when you and your ex received the First Home Owners Grant, then you are not eligible to receive the grant again, even if you have split up. Sad but true. However, if you are in a live-in relationship with somebody who has owned property before but you have never owned an owner-occupied property in your name, then you might be eligible for the First Home Owners Grant. These rules vary from state to state, so it is important to check the details carefully on the state government’s website before you make any home purchase decisions.

6 – If I’ve owned or own an investment property, am I eligible to get the grant for my first live-in home?

If you have previously owned – or currently own – an investment property but have not occupied it for more than six months, you could still be eligible for the grant when purchasing your first home to live in. This varies from from state to state, and also depends on your unique situation. The government makes changes to these policies quite regularly, so it’s best to check the state government websites for updates. And if you have any more questions that we can help you with, please feel free to at customer.care@uno.com.au or book a call with our customer care team today. This information is general in nature and you should always seek professional advice when making financial decisions.Book a call in with UNO

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Gabe Windsor
October 26, 2023
What a fantastic experience using UNO Home Loans. Mike Parsons and the team were exceptional. Such an easy, hassle free experience, cannot recommend them highly enough. Mike Parsons was in touch every step of the way, and with him doing all the leg work, the transition to a refinanced home loan was a very easy one. Thank you!
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Laurisa Sticotti
July 1, 2023
Scott Wilkinson has been fantastic when dealing with my broking needs. He has held my hand through every step of the way and has made purchasing my first home a much more comfortable experience than I anticipated.
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Thusi Gamage
July 1, 2023
Awesome team, Very reliable and friendly. Scott Wilkinson is very experienced and knowledgeable.He guided us throughout the process and was available to help.
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Omar Zazou
June 1, 2023
I have worked with Scott Wilkinson to get my home loan and he has been a massive help to navigate my first home purchase. He has taken care of all the financial details and I didn't need to worry about anything. Highly recommend him for his professionalism, patience and support!
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Kelly O'Connor
June 1, 2023
You won’t find any broker better than Anita at UNO. We’ve told all our friends and family about her and will be using her for all our mortgages in the future! A stress free process from the start. She listened to our needs and was always available.
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Ashley Morson
We are truly grateful for uno home loans and our broker Karis Churchill. This is our second time purchasing a home with the help from Uno and both times have been a very positive experience. Our recent purchase had many obstacles due to different factors however it was our dream home and we were up for the challenge. Our broker Karis was a true support and went above and beyond. She communicated so well with our solicitor and the real estate agents. She kept us updated through every step and kept us motivated when things seemed impossible. Uno is very fortunate to have Karis as a broker and we would highly recommend her to anyone. Our family are so happy we are now in our new forever home. Thank you so much Karis and to the uno team!!!
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Ebubekir Demir
Thank you Eren for your quick and efficient turn around time to getting an approval for a loan. Will be recommending you to anyone that needs a quick and reliable loan.
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