Wondering if you're eligible for the First Home Owner's Grant?

May 19, 2017

 

Firstly, what is the First Home Owner’s Grant (FHOG)?

 

Well, it’s a once-off payment of up to $15,000 that is available to first home owners when they either purchase or construct a new home.

 

What does that mean?

 

If you are planning to build a brand new home for the first time and haven’t previously owned a property then you are most likely eligible for the grant. As well as if you are purchasing a home for the first time that was built after 30th June 2014 you may also be eligible.

 

 

Are there other factors that affect your eligibility?

 

Yes! You must be 18 years or over and an Australian citizen or permanent resident. You must also occupy the house for a continuous period of at least 6 months within the first year of the purchase. This means you need to move into the home within the first 12 months of the transaction and you must live there for at least 6 months continuously. To receive the FHOG the value of the property has been capped at $575,000, therefore if your property is less you could also be eligible.

 

The best way to find out whether you qualify for the FHOG is to contact your mortgage broker. There are also online tools / questionnaires that can help determine your eligibility (see links below).

 

What has the FHOG got to do with Angus Estate?

 

We are currently offering the Angus Double Grant! This means if you qualify for the FHOG we will match the grant dollar for dollar. We have partnered up with three of Australia’s most recognised builders to bring this offer to you. If you decide to build with either Simonds Homes, Rivergum Homes, or Metricon we will match the FHOG you receive! Of course, Terms and Conditions apply so click here find out all the information on the Angus Double Grant.

 

 Want to know more?

 

Give us a call on 1800 777 674 or email us at hello@angus-estate.com. Our Sales Centre is also open on Saturday and Sunday’s from 12pm-3pm.

 

 

Sources:

Mortgage Choice: https://www.mortgagechoice.com.au/home-loans/first-home-buyers/first-home-owners-grant/fhog-sa.aspx

 

Revenue SA: https://www.revenuesa.sa.gov.au/grants-and-concessions/first-home-owners/frequently-asked-questions

 

Angus Double Grant: http://www.angus-estate.com/angus-double-grant

 

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While every care has been taken to ensure the accuracy of the displayed information, the publisher gives no warranty and make no representation as to the accuracy or sufficiency of any displayed description, photography, illustration or statement because all this information may be subject to change. Readers should make their own enquiries and satisfy themselves as to whether the information provided is current and should seek advice before entering into any contract. Photographs and illustrations displayed are indicative only and may not depict the final product.

Angus Estate, Monopoly Property Group

Ground Floor, 185 Fullarton Road, Dulwich South Australia 5065  
info@monopolypg.com

1800 777 674

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Disclaimer: While every care has been taken to ensure the accuracy of the displayed information, the publisher gives no warranty and take no representation as to the accuracy or sufficiency of any displayed description, photography, illustration or statement because all this information may be subject to change. Readers should make their own enquiries and satisfy themselves as to whether the information provided is current and should seek advice before entering into any contract. Photographs and illustrations displayed are indicative only and may not depict the final product. RLA 272857