First Home Owners

FIRST HOME OWNERS GRANT

The First Home Owners Grant scheme was established to encourage and assist home ownership and to offset the effect of the GST on home ownership.

ELIGIBILITY

To be eligible to receive the grant:

• You and your spouse/partner have not received a grant in any State or Territory of Australia

• You and your spouse/partner must not have owned residential property, either jointly, separatley or with some other person prior to July 1, 2000 in any State or Territory of Australia

• Your and your spouse/partner must not have ocupied for a continuous period of at least 6 months, a residential property in which either of you acquired a relevant interest on or after July 1, 2000 in any State or Territory of Australia

• You must be a natural person (not a company) and at least 18 years of age at the time of settlement or completion of construction

• You (or at least one applicant) must be a permanent resident or Australian Citizen at the time of settlement or completion of construction of the home

• You (or at least one applicant) must occupy the home as your/their pricipal place of residence for a continuous period of at least 6 months, commencing within 12 months of either settlement or completetion of construction

HOW MUCH IS THE GRANT?

A payment of $26,500 will be made between 1st July 2010 and 30th June 2012 in the Ballarat area.

MORE INFORMATION

For full details and more information please visit the State Revenue Office webpage