The Queensland First Home Owners' Grant also known as 'FHOG' is a State Government initiative available to first home buyers when purchasing their first home in Queensland.
To help make it easier for first home buyers to enter the property market, eligible buyers can now access a grant of $15,000 towards their first home purchase. We've outlined some important information about the first home grant below.
What is the QLD FHOG amount?
As of July 1st 2018, the current FHOG amount is $15,000.
What is the eligibility criteria?
If you’d like to access the Government First Home Owners' Grant, then there’s a few things to keep in mind to ensure you’re eligible. We've outlined the eligibility criteria listed on the Queensland Government website below:
- You must be at least 18 years of age.
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- You must not have previously owned property in Australia that you lived in.
- You must be buying or building a brand new home.
- You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.
How to check your eligibility...
The Queensland Government website provides a free eligibility test to help determine if you can access the First Home Owners' Grant.
Applying for the FHOG...
As the buyer you will have two ways to submit an application for the First Home Owner Grant.
You can apply through an approved bank or lending institution or with the Office of State Revenue. When purchasing your new home through us, we will assist you with your FHOG application.
Can I use the FHOG towards my deposit?
Many lenders will now consider the First Home Owner Grant as part of your initial deposit when buying a brand new home. This has enabled us to provide Low Deposit Home options to first home buyers.
With the QLD FHOG and our Low Deposit Home Solution we can help first home buyers into the property market from only $5,000 deposit. Better yet, we provide $10,000 as a gift to help make this possible for our buyers.
You can learn more about our Low Deposit Home Solution at the link below...