Are you dreaming of owning your first home in Queensland? The First Home Owner Grant (FHOG) is a fantastic initiative designed to help you turn that dream into reality. With financial assistance of $15,000 or $30,000 towards buying or building a new home, this grant makes homeownership more accessible than ever!
The amount you can receive from the grant depends on when you signed your contract:
If you are an owner-builder, the grant amounts are the same, depending on when the foundations of your home are laid.
To qualify for the FHOG, you must meet specific criteria:
Importantly, your income does not affect your eligibility for the grant.
The grant applies to new homes valued at less than $750,000. Eligible properties can include:
You must ensure that the home has never been lived in or sold as a place of residence prior to your purchase.
Ready to apply for the First Home Owner Grant? You can submit your application through an approved agent, like a bank or lending institution, for a quicker process. Alternatively, you can apply directly to the Queensland Revenue Office online once you have all necessary documents ready.
Make sure to apply within the following timeframes:
It’s essential to understand your obligations once the grant is paid. Ensure you meet the residence requirements and notify the Queensland Revenue Office if your circumstances change.
Take the first step towards homeownership today! For personalised guidance and to navigate the application process, contact a UNO broker who can help you every step of the way.
Source: Queensland Revenue Office.
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