Do I qualify for the FHOG and the First Home Owners Boost (FHOB)?
if you
- Are an Australian citizen or permanent resident
- Are buying or building your first home in Australia
- Intend to occupy the home as your principal place of residence within 12 months of the settlement.
You may be eligible for FHOG and FHOB.
What is FHOB?
In October 2008, the Australian Government introduced a Boost to the First Home Owner Grant giving eligible first home buyers' additional funds for their first home purchase.
The FHOB will be phased out. Details regarding the Boost are:
From 1 October until 31 December, eligible first home buyers will receive:
- $14,000 ($7,000 FHOG + $7,000 FHOB) for newly built homes
- $10,500 ($7,000 FHOG + $3,500 FHOB) for existing homes
Other things to consider:
Some State Governments also offer a First Home Bonus.Contact What If We Finance for more information today.