Owning a home is a major milestone, and for first-time buyers, the First Home Owners Grant (FHOG) can provide essential financial assistance. At Rothschild Group, we help guide you through the process to ensure you maximize your benefits and secure your first property with confidence.

What is the First Home Owners Grant?

The FHOG is a government initiative designed to support first-time homebuyers by providing a grant of up to $10,000 towards the purchase or construction of a new home.

Who is Eligible?

To qualify for the First Home Owners Grant, applicants must:

  • Be Australian citizens or permanent residents.
  • Be over 18 years old.
  • Have never previously owned property in Australia.

Property Requirements

  • The grant applies to new homes or substantially renovated properties.
  • There are property value caps depending on location and state-specific requirements.
  • The home must be intended as the buyer’s principal place of residence for a specified period.

Benefits of the FHOG

  • Reduced upfront costs, making home ownership more accessible.
  • Encourages new home construction, stimulating the housing market.
  • Potential stamp duty concessions, depending on state-specific guidelines.

How to Apply for the First Home Owners Grant

Applying for the FHOG involves:

  1. Checking eligibility with the relevant state revenue office.
  2. Submitting an application through an approved lender or directly with the government.
  3. Providing necessary documentation, including proof of identity and purchase contract.

Secure Your First Home with Expert Legal Guidance

Navigating the application process can be complex, but our team at Rothschild Group ensures that you receive professional advice tailored to your needs. From grant applications to settlement assistance, we simplify the process for first-time buyers.

Ready to take the first step towards home ownership? Contact Rothschild Group today for expert legal support on the First Home Owners Grant.