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New First Home Owners Grants Take Effect

New First Home Owners Grants Take Effect

Date: Monday 7th April 2014

 

The changes announced in the 2013-14 State Budget to increase the First Home Owner Grant from $7,000 to $10,000 for first home buyers purchasing or building a new home and to provide a $3,000 grant for those purchasing an established home commence operation from 25 September 2013.

This means that on or after this date, first home buyers signing a contract to build or purchase a new home and owner builders that commence laying foundations for the construction of a home will be eligible for the increased grant of $10,000. First home buyers signing a contract to purchase an established home on or after this date will be eligible for a $3,000 grant.