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First Home Owners Grant
The “First Home Owner Grant” (FHOG) is a financial incentive offered to first homeowners by the West Australian Government. The FHOG is available to all West Australians, given the condition that they have never owned a home before.
This means that eligible first home buyers who enter into a contract to purchase or construct a new home will receive the boost.
The first home buyer grant is a great way to get one step closer to your first home.
First home owners are eligible for up to $10,000 as part of the State government's First Home Owner Grant.
There are a number of criteria that make you eligible for the First Home Owner Grant, which is something your WOW Homes customer representative can definitely help you with!
To be eligible for the FHOG and/or first home owner rate of duty, applicants must satisfy the following criteria:
- An applicant must be a natural person (i.e. not a company) and be 18 years or over at the time of making application. However, you may be able to apply for an exemption from the age requirement.
- At least one applicant must be an Australian citizen or a permanent resident at the time of making application.
- Applicants and/or their spouses or de facto partners cannot have previously received the FHOG or first home owner rate of duty from any jurisdiction in Australia.
- Applicants and/or their spouses or de facto partners cannot have previously owned a home anywhere in Australia prior to 1 July 2000.
- Applicants and/or their spouses or de facto partners cannot have previously owned a home anywhere in Australia after 1 July 2000 and occupied that home before 30 June 2004.
- Applicants and/or their spouses or de facto partners cannot have previously owned a home anywhere in Australia after 1 July 2000 and occupied that home for a period of not more than six continuous months commencing after 30 June 2004.
- Applicants must occupy the home as their principal place of residence for a continuous period of at least six months commencing within 12 months of settlement if purchasing a home, or within 12 months from the date of completion if building a home.
- Applicants must hold a relevant interest (ownership) in the land on which the home is situated.
- The applicant must enter into a contract to buy or build (or in case of an owner builder, commence construction) on or after 1 July 2000.
Source: Department of Finance WA